Christiania Bank major financial crisis in Norway and by 1991 the bank had used up all capital. To save the bank, the Government of Norway took over the bank and gave it new capital, rescuing it from bankruptcy. In the early years of the 1990s, the bank also bought Sunnmørsbanken and Sørlandsbanken. In 1995, the government reduced its ownership to 51%, listing it on the Oslo Stock Exchange, and in 1999 to 35%. The same year, the Swedish MeritaNordbanken bid for the bank, and in 2000 the government sold its shares and the bank became part of Nordea. Christiania Bank was at
European Youth Capital The European Youth Capital aims in promoting intra-European co-operation between young people. Among the most important aspects of the institution is the betterment of everyday life of the youth in the city selected as youth capital, not just for the duration of the festivities, but in the long term. Additionally, participation of the youth in the design and implementation of the plans for each capital of youth is encouraged by the EYC. Ensuring that the youth are informed and actively involved in society and given opportunities for a better future is also a priority for the EYC initiative. Tourism and