Danish governor criticises budget proposals

Niels Bernstein, the governor of the National Bank of Denmark, on Wednesday slammed the government's budget proposals as too expansionary given current conditions.

"There are no macroeconomic arguments for an expansive fiscal policy in the present climate. On the contrary it increases the risk of further worsening of Danish competitiveness followed by a bigger rise in unemployment than needed," Bernstein said after the government announced its proposals, which it expected to boost growth by a

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