Goldman deal destroys Danish government

Tim Wallace
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DENMARK’S government was torn apart yesterday as one of its coalition member parties quit in protest at the sale of part of state energy firm Dong to Goldman Sachs.

Annette Vilhelmsen, head of the Socialist People’s Party, quit as social affairs and integration minister and left the government, leaving Prime Minister Helle Thorning-Schmidt clinging on. Thorning-Schmidt, who is married to the son of ex-Labour leader Neil Kinnock, now relies on the backing of several small parties.

Ex-Social Democrat PM Poul Nyrup Rasmussen denounced Goldman as “shady” and claimed that the 8bn krone (£881m) sale of 19 per cent of Dong threatens the country’s green credentials. Goldman Sachs said its deal supported the firm’s renewable energy goals. “This is a long-term commitment,” it added.