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Oil key issue as Norway prepares to vote

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Oil key issue as Norway prepares to vote


Prime Minister Jens Stoltenberg is struggling to cling onto power in Norway’s tight election race. 
Opinion polls show his Socialist coalition is neck and neck with the splintered centre-right opposition.
The Norwegian premier is urging people to vote.
‘‘The Labour Party’s greatest enemy is the “staying at home party”. No question about that. Because the largest difference is not between us and other parties but between us and those who stay at home,’‘ Stoltenberg said.
Norway has been sheltered from the worst of the global economic downturn. Despite that, any one of several parties could make up the next government.
Described by some as Norway’s “Iron Lady”, the Progress Party’s Siv Jensen has campaigned for stricter immigration rules. She also wants to use Norway’s vast oil wealth to cut taxes.
One potential coalition partner is the centre-right Conservatives led by Erna Solberg. Like Jensen’s Progress Party, Solberg has also pledged tax relief and privatisation.
Another big issue is how to spend an oil slush fund currently estimated at a whopping 275 billion euros. The right-wing Progress Party wants to tap into the windfall, but the Scandinavian state’s other political parties want to keep curbs on spending.
The question of further oil exploration also divides the parties. While the government is split, the main opposition backs increased drilling rights. 
Euronews will bring you full coverage of the election on Monday night.

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