PM: Authorities Are Working on Economic Problem Skip to content

PM: Authorities Are Working on Economic Problem

Prime Minister Geir H. Haarde said during the general meeting of the Confederation of Icelandic Employers (SA) on Friday that Iceland’s financial authorities, especially the Central Bank, are working around the clock to solve the country’s economic problem.

Haarde said he sometimes felt the situation is being discussed in a careless and incomprehensive manner in Iceland. “I’m referring to certain politicians and the media who claim that nothing is being done.” Morgunbladid reports.

“Sometimes people speak as if the authorities have some magical solution […] when the problem we’re facing is caused by international currents that rattle our economic system without us being able to prevent it,” the prime minister continued.

“The truth is that the government, especially the Central Bank, have been working around the clock lately to solve the problem created by international circumstances. Such strategies take a long time to prepare and one cannot report on them on a daily basis. Excessive public discussion can be detrimental; it can create unrealistic expectations, and, in effect, have a negative impact on the situation.” Haarde concluded.

Click here to read more about the current economic situation in Iceland.

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