Fears euro crisis will increase unemployment

- If the crisis becomes prolonged and spreads to more countries, it may strike Norwegian jobs in the export industry, Johnsen said to VG.
Johnsen and Minister of Government Administration, Reform and Church, Rigmor Assrud, asks for moderation in the coming state salary negotiations.
- We have to avoid that the salary increase is stronger than in other countries and thereby weakens Norway's competitiveness, Aasrud says.

Norway owns rotten Greek debt

Greek state bonds have been degraded to junk status. The Norwegian Petroleum Fund has NOK 10 billion invested in these bonds.
In addition, the petroleum fund, Statens pensjonsfond - utland, probably owns shares in downgraded Greek banks, according to Stavanger Aftenblad.
The downgrading last week happened after the financial solidity of Greek banks was rated as poor and without any immediate hope of improvement.