President of Iceland: German Journalist Misunderstood Skip to content

President of Iceland: German Journalist Misunderstood

An article that was published in the online edition of Financial Times Deutschland yesterday, in which President of Iceland Ólafur Ragnar Grímsson is quoted saying German savers should not be compensated, is based on a misunderstanding, the president said.

President of Iceland Ólafur Ragnar Grímsson. Copyright: Icelandic Photo Agency.

Grímsson told RÚV last night that the journalist had not interpreted his comments correctly. They had had a long conversation and the president said he had ensured the journalist that Icelanders had honored all their obligations, Fréttabladid reports.

Grímsson does not believe his words could have been interpreted in such a way that Icelanders would not compensate Kaupthing Edge savers and that all their money was lost.

The president said it is not inappropriate that he, as Iceland’s non-political and symbolic leader, expresses his views on the economic crisis. He had wanted to bring attention to the difficult position Iceland is in.

Grímsson said he does not comprehend how the journalist could have misunderstood what he was saying and that he would make sure that the misunderstanding would be corrected in German media, where yesterday’s article received considerable attention.

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