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This is a great day. This is a great day.

Or was it really there? Governor Øystein Olsen stotret until the proclamation of this wonderful day as a non-answer enough critical questions about the hiring of new oljefondssjef. They came close as hail at the press conference today.

On this great day also had the new oljefondssjefen, Nicolai Tangen, just shown from a new page. Until today he had black exemplary calm and balanced in intervjusituasjoner, now he went into regular arguments with the journalists in the audience.

This was not a great day. This was a meltdown. The hardest thing to consider now is whether Norges Bank is arrogant, or just unreal.

Turn On the LydErrorAllerede plus customer? Log into herError LOVE: Nikolai Tangen says that he is very happy after today’s outcome. Video: Scanpix. Show more

the Employment of Nicolai Tangen has been a disaster for the Norges Bank.

For a time back there was a dragkamp if it ever larger and more complicated its oil wealth should be separated from the Norges Bank, the bank itself and Øystein Olsen insisted on not to do.

This process shows that it might have been a good idea.

this has gone over stick and stone. The bank has violated the public by keeping Nicolai Tangen away søkerlista until just a few days before the announcement. It has also emerged that Øystein Olsen has been interviewing intern candidates, and not been on an interview with the candidate that was eventually Tangency only challenger.

And after that the questions about conflicts of interest, qualification perspective and tax havens appeared after the vg’s disclosure of eliteseminaret, Olsen has been unable to answer satisfactory. Not only to the press, but also on the regulatory authority – the central Bank’s supervisory board.

Employment today was presented at the press conference, would be an answer to these questions.

The most important element is that the Pliers sell down in hedgefondet he has built up, AKO Capital, and that it be placed in intermediaries that will manage the ownership and Tangency private fortune while he is oljefondssjef – and six months after he stops.

This solution has more details, but is still not more complicated than that, there is reason to ask: Why was not the Øystein Olsen in a position to outline this to the board of representatives when they grilled him for a month’s time since? Was it because it was not ready? Or maybe he sketched it, but the supervisory board found it not satisfactory?

Both parts are serious. Either was Øystein Olsen and Norges Bank strangely ill-prepared for the questions the hiring of a good, but controversial candidate would trigger. Or then they go further with a solution, more or less adjusted, as the supervisory board does not really like, but that the bank itself may dictate. For it is the bank that employs, and in principle, there is little that can stop them.

But truly believe Norges Bank and Nicolai Tangen that they can ride out the storm, no matter how large it should be?

Øystein Olsen admitted even during the press conference today that he has had extremely much to do in the last six months, and drew up the work with coronakrisen as the most labor-intensive. The hiring of new oljefondssjef and the subsequent public attention has therefore been a great tilleggsbelastning. From the Table of partial absences in the process, and poor handling along the way, it is easy to think that there has been too much.

It is also easy to get the impression that Øystein Olsen, has been so anxious to get the Pliers into this job, that he was willing to dump on claims that otherwise would have been faced with others.

That the Pliers now have a large, passive ownership interests in the same investment universe as its oil wealth, would under normal circumstances have been unheard of. Now, it comes into a safety mechanism to try to account for it, as økonomiprofessorene disagree about is sufficient.

In addition, the Pliers have ownership in companies that operate in tax havens, a practice the Uk in a variety of international contexts actively working against it. This has both the Pliers and Olsen a so-called nuanced view on. Olsen reminded today also that it is the government that must put the premises for the policy towards tax havens – the fund is working only against the companies they invest in, and their practices.

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But how credible will oljefondets work up against the companies be in this field, when oljefondssjefen even mean tax havens was the only natural place to organize his companies?

Press conference today cleared really nothing of the road. The only thing that was clear is that the Norges Bank now puts all his prestige into to get the Pliers into the job. It was also evident that it is the Environment that has been laying the premise for the employment. It was never appropriate for him to sell out of AKO capital, and bring the money home to Norway.

questions from The journalists in the audience didn’t bother he won’t even answer why. So was it just. He should never sell himself down, otherwise he would not have sought the job, he said.

Who is it really who decides here?

A glup journalist came towards the end of the press conference with a critical question: Is there anyone in the central Bank or its oil wealth that can match Nicolai Tangen – be a devil’s advocate?

the Answer from Øystein Olsen was not so easy to be wise. But ultimately it will probably be about this:

We shall rely on Nicolai Tangen. An obviously competent manager, but also a man of flesh and blood. A man who, for example, first gave the impression that the money didn’t matter to him, who had not discussed the salary for the job that oljefondssjef before he said yes, that when he was hired stating that he was 100 per cent inheritance tax – but who now does not want to move the property the home to tax it or to move it – probably in fear of losing money on it.

the Environment is a good candidate, but Norges Bank has not managed to process his candidature through this process.

If he, against the presumption, the position the job 1. september, it will be as much of a mystery as the myth of the good tax haven.

Criticism as the smell of blood Leads

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