First make sure your python module is saved as UTF-8
Next, in the top of your python module add the setting:
# -*- coding: utf-8 -*-
this will tell the compiler to use UTF-8 instead of OS specific
Prefix a 'u' for all strings
print u"rødgrød med fløde"
- will work
print "red porridge with cream"
- wil work because no non-english characters are present
(or whatever difference between your OS and UTF-8)
print "rødgrød med fløde"
- will not work because the encoding is misinterpreted
Entire python script
# -*- coding: utf-8 -*-
print u"rødgrød med fløde"