Iceland’s PM Presents Report on Debt Relief Skip to content

Iceland’s PM Presents Report on Debt Relief

Iceland’s Prime Minister Sigmundur Davíð Gunnlaugsson announced at parliament this morning that the banks would complete recalculations of foreign currency loans by the end of the year.

althingi-voting-280910-new-angle_pkArchive photo: Páll Kjartansson/Iceland Review.

During his speech about debt relief actions, Sigmundur said that a group of experts tasked with assessing whether a fee could be imposed on financial institutions for the delays in the recalculation of loans had concluded that the fee was not feasible.

The Financial Supervisory Authority (FSA), however, may impose penalties, ruv.is reports.

Debt relief was a key issue of the parliamentary election in April.

Related:

11.06.2013 | PM Promises Action Plan on Debt in Keynote Speech

22.05.2013 | Coalition Parties Present Government Agreement

ZR

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