Tuesday, February 10, 2009

Iceland’s central bank governor in showdown with PM

The Financial Times say that Iceland’s week-old government was locked in its first serious crisis on Monday after the governor of the central bank accused it of instigating a “political attack” against him and angrily rejected a demand by the new prime minister to resign.
David Oddsson, a feisty former prime minister and architect of the free market reforms that revolutionised Iceland’s economy and then contributed to its collapse, was reacting to a letter from the new prime minister demanding his resignation to take responsibility for the crisis.


mbl.is/tv from revolt against the governor of the central bank.

See also: http://news.bbc.co.uk/1/hi/world/europe/7871256.stm

Monday, February 02, 2009

New Icelandic Government formed

A Government of the Social Democratic Alliance and the Left-Green Movement takes office today. It aims to assure an effective administration to carry out urgent measures, particularly for the benefit of households and business, for rebuilding the banking system, in the field of administrative reform and to carry out measures in favour of increased democracy.

Ten ministers will take seat in the new government, five men and five women. Two of the minsiters are not members of parliament.
Prime minister of the new government is Johanna Sigurdardottir of the SDA.
More: BBC