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Denmark promoting Copenhagen’s finance acumen in London

Christian Wenande
September 28th, 2017


This article is more than 7 years old.

Danish capital hoping to benefit from Brexit exodus in financial sector

More and more Danes at risk of prison sentence from lack of financial education (photo: Pixabay)

The finance minister, Brian Mikkelsen, will be in London today and tomorrow along with representatives of the Danish capital to help promote Copenhagen as a financial centre.

The trip is part of the project ‘Consider Copenhagen’, which aims to promote the capital as a highly-respected financial environment, particularly within asset management and FineTech.

“Brexit could mean that a significant number of the companies and jobs at present in London will be looking towards new cities within the EU borders. And here I naturally see Copenhagen as an obvious candidate,” said Mikkelsen.

“Denmark has a highly-educated workforce, a flexible labour market and a stable political and economic climate. Moreover, the Danes are good at accepting new digital financial solutions. Within digital signatures and mobile banking solutions, Denmark is among the world leaders.”

READ MORE: Clarity on Brexit vital for trade talks to start, Danes contend

Pension power
Mikkelsen maintained that the presence of massive pension firms in Copenhagen also lends weight to its having the fundamentals for being a financial centre.

Danish pension assets total over 4 trillion kroner – which is the equivalent to twice Denmark’s GDP (Gross Domestic Product).

This means that Denmark not only has a dynamic environment for asset management, but also possesses potent competencies in the area, according to the Finance Ministry.


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Moreover, 21 percent of those surveyed admitted to medicating their kids with paracetamol, such as Panodil, before sending them to school.

The FOLA parents’ organisation is shocked by the findings.

“I think it is absolutely crazy. It simply cannot be that a child goes to school sick and plays with lots of other children. Then we are faced with the fact that they will infect the whole institution,” said FOLA chair Signe Nielsen.

Pill pushers
At the Børnehuset daycare institution in Silkeborg a meeting was called where parents were implored not to bring their sick children to school.

At Børnehuset there are fears that parents prefer to pack their kids off with a pill without informing teachers.

“We occasionally have children who that they have had a pill for breakfast,” said headteacher Susanne Bødker. “You might think that it is a Panodil more than a vitamin pill, if it is a child who has just been sick, for example.”

Parents sick and tired
Parents, when confronted, often cite pressure at work as a reason for not being able to stay at home with their children.

Many declare that they simply cannot take another day off, as they are afraid of being fired.

Allan Randrup Thomsen, a professor of virology at KU, has heavily criticised the parents’ actions, describing the current situation as a “vicious circle”.

“It promotes the spread of viruses, and it adds momentum to a cycle where parents are pressured by high levels of sick-leave. If they then choose to send the children to daycare while they are still recovering, they keep the epidemic going in daycares, and this in turn puts a greater burden on the parents.”