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.

ft.com

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