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NEGATIVE -<br />
Future <strong>of</strong> <strong>the</strong> Danish model<br />
Medium and long term<br />
• Decline <strong>of</strong> natural resources; gas production peaked 2008,<br />
self-sufficiency stops 2017.Oil available for 15-20 years<br />
NEGATIVE -<br />
• Highest public consumption in <strong>the</strong> world, taxes mirror this,<br />
rates not competitive in a global competition for <strong>the</strong> best<br />
brains<br />
POSITIVE -<br />
• Structural assets – ageing is well funded and debt outlook<br />
much better than most<br />
- Denmark can afford fiscal stimulus <strong>of</strong> growth