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The housing bubble, that coupled with the government’s rates freeze and repayment-free loans became inflated until 2007, has drastically worsened Denmark’s economic crisis and its burst has weakened Denmark’s ability to combat the crisis.
According to calculations carried out by Nordea for Politiken, some 25,000 more people will lose their jobs as a result of the bubble than if the Danish housing market had not been hit by one of the worst price bubbles in the world.
