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Socialists quit coalition government over Goldman Sachs deal

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Socialists quit coalition government over Goldman Sachs deal

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In Denmark, the socialist party has quit the government in anger over a deal with investment bank Goldman Sachs.

Socialist leader Annette Vilhelmsen pulled her party’s support on Thursday after a 19 percent stake in the country’s state owned Energy firm Dong was sold to the US lender.

Danish prime minister Helle Thorning-Schmidt insisted the government would go on.

“The government will continue its work. Our primary target is still to steer Denmark through the crisis with our dignity intact and a strong welfare state. The policy of the government works and therefore it will not change,” Thorning-Schmidt announced.

While the walkout means Thorning-Schmidt will now be forced to reshuffle her cabinet, an election is not on the cards with the socialists promising to back the coalition government in parliament.