Public Urged to Liquidate Accounts Skip to content

Public Urged to Liquidate Accounts

The Debtor’s Alliance urges creditors to withdraw their funds from banks and find a better and safer place for their money, reports.

The reason for the statement is the words of Minister of Trade and Commerce Gylfi Magnússon and Central Bank Director Már Gudmunsson, who say that the banks cannot withstand the consequences of their own lawbreaking.

In a statement, The Debtor’s Alliance also said that they are concerned because the cost of total credit guarantee has been pushed to include indebted homes and it is therefore hard to see how more money could be collected from them.

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