Central Bank Director: Icelandic Economy under Attack Skip to content

Central Bank Director: Icelandic Economy under Attack

Chairman of the board of directors at the Central Bank of Iceland Davíd Oddsson said in his speech at the bank’s general meeting on Friday that he has strong suspicions that certain “unscrupulous brokers” are attacking the Icelandic economy.

“They will not succeed. We have to consider undertaking an international official investigation into such attacks on healthy financial systems,” Oddsson said in his speech. Morgunbladid reports.

Oddsson said that current attacks on Icelandic banks and the Icelandic state indicate that certain individuals had tried to give the Icelandic financial system a final blow, adding that questionable behavior in international markets had been detected in the past few months supporting such suspicions.

Oddsson also said it is important to prevent the inflation from growing further. “Inflation can cause much damage if it continues to grow and if we will not be able to stop it with the traditional methods of the Central Bank within a few months.”

Oddsson added those who have the most influence on the development of the Icelandic economy and financial system should cooperate on getting the inflation under control and not think about short-term benefits while doing so.

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