Denmark’s wage competitiveness has been eroded over a relatively long period by excessive wage increases and weak productivity development. It is a Herculean task to reverse this trend. And the results will, at best, be slow to emerge. But we have to make an extra effort in light of the increasing challenges in the international environment. *** Employment has dived.
The largest part € 1.7 tn) is attributed to the public sector purchase programme (PSPP), while the amounts attributed to the third covered bond purchase programme (CBPP3), the corporate sector purchase programme (CSPP) and the asset-backed securities purchase programme (ABSPP) stood at € 227 bn, € 107 bn and € 24 bn, respectively.