Uncertainty Surrounds Iceland’s Stability Pact Skip to content

Uncertainty Surrounds Iceland’s Stability Pact

The stability pact between Iceland’s government and representatives of the employment market is still being discussed, although it was hoped that it could be signed yesterday. Eiríkur Jónsson, chairman of the Icelandic Teachers’ Union, said there is still a long way to go.

The facilities of the state negotiator in Reykjavík. Photo by Eygló Svala Arnarsdóttir.

“It is my estimation that everything is still uncertain and that it is very unlikely that an agreement will be reached shortly,” Jónsson told ruv.is. “There are still a number of matters that need to be clarified before the deal can be sealed.”

“As far as I’m concerned, it’s absolutely out of the question to obligate ourselves to some future plan where we’re forced into brutal cutbacks in the welfare system in the coming years. People also have to look at the income side of things,” Jónsson added.

Representatives of wage earners, employers, pension funds and local authorities, along with representatives of the government, discussed the stability pact in Karphúsid, the facilities of the state negotiator, until late into yesterday evening.

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