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Solberg Targets Krone in First Major Speech After Vote

Norway Conservative Party leader Erna Solberg said she will work to weaken the krone to boost competitiveness as cost pressures weigh on the economy of western Europe’s largest oil producer.

The opposition “inherits a Norway in headwinds, with growing unemployment, a stronger krone,” Solberg, who ousted Labor Prime Minister Jens Stoltenberg this week in elections after promising tax cuts, said in her first major speech after the vote. “Turning that trend around is something we must prioritize. If we’re to build Norway for the future, we must be careful to invest for the future, but also keep order today.”