Iceland firmly under IMF cover: Sighvatsson
Arnór Sighvatsson, the deputy governor of the Central Bank of Iceland, said last Thursday that although steps towards fiscal restraint will improve confidence in the Icelandic banking sector, it was too early to remove the controls agreed with the IMF.
In a speech delivered to the Iceland Chamber of Commerce, Sighvatsson said the aim of the IMF mission was to restore confidence in the Treasury's ability to meet its foreign currency obligations.
"To toss away the IMF's umbrella and set off empty
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