Word: oslo
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Though feared by Oslo's Labor government and predicted by numerous opinion polls, the referendum's results shocked Common Market capitals. In Denmark, Premier Jens Otto Krag, who had warned his people that a negative Danish vote could mean devaluation, unemployment and a reduction of welfare services, was forced to suspend foreign exchange transactions. In London, antiMarket forces claimed that Norway's rejection would reduce Britain's influence on EEC decisions and demanded a referendum for Britons, even though Parliament has already assented to EEC entry. In Brussels, where news of the vote was received...
Bonfires, a Viking signal that enemy invaders were sailing up the fjords, burned on many coastal hilltops; legions of doorbell ringers, street-corner campaigners and letter writers turned out in the cities and, as the election approached, torchlight parades and mass public debates filled Oslo's leafy city center...
...threat became a reality. The diverse elements that combined to defeat EEC membership now face the difficult task of forming a caretaker government at a time when the country's economic future is uncertain. Norwegian kroner fell on foreign exchange markets, and some prices on the Oslo stock exchange registered their largest drop since World War II. Jubilant anti-Marketers danced in victory, but depressed industrialists predicted that it would take at least a year to negotiate a preferential tariff agreement with...
...MARKETEERS HAD TO defend decision making in Brussels to an electorate already more than skeptical about decision-making as far away from the grass-roots as Oslo. They had to defend an administrative structure in Brussels which decidedly is not democratic. They were compromised again and again by the interpretations in Norway of such routine EC dynamics as the jousting over this autumn's summit meeting and M. Pompidou's statement a week before the Norwegian referendum advocating the eventual membership of totalitarian Spain in the Market...
...tanker, owned by the Wilheinsin Corp, of Oslo, was on charter to Texaco, Inc., whose officials announced that the corporation would assume all costs in an effort to speed up the work...