Opposition Criticizes Government’s 12-Step Plan Skip to content

Opposition Criticizes Government’s 12-Step Plan

By Iceland Review

Opposition leader Steingrímur J. Sigfússon, chairman of the Left-Greens, said the government’s 12-step plan to help Icelandic companies cope with the crisis and prevent unemployment is competent but also flawed.

Steingrímsson told Fréttabladid that the plan is disappointing when observed in more detail because the government seemingly plans to have others execute the items mentioned, even parties that aren’t capable of undertaking such projects.

“It is all well and good that the new commercial banks are intended to be self-regulating and to support the economy but the big question is whether they are capable of doing so. They are standing on shaky feet as it is,” Steingrímsson said.

“I thought the government was further underway than they are with measures that would make a difference. They don’t mention the interest rate levels at all, which is the most fateful factor for the finances of households and the indebted economy,” Steingrímsson added.

Chairman of the Progressive Party Valgerdur Sverrisdóttir declared her support for the 12-step plan, although it is unclear how much of a difference it will make. She described the plan as, “beautiful words on paper.”

MP for the Liberal Party Grétar Mar Jónsson said he is “fairly content,” although in his opinion much more should be done for the companies and the people in this country.

Click here to read more about the government’s plan.

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