From Iceland — Chairman of Banking Council Says He Feels "Bullied"

Chairman of Banking Council Says He Feels “Bullied”

Published February 3, 2009

Halldór Blöndal, the chairman of the banking council for the Central
Bank, released a statement comparing the new government’s proposed
changes to “bullying”.
“The statement from [Prime Minister] Jóhanna [Sigurðardóttir] with regards to the work of bank managers is political and borders, as some say, on bullying.”
Sigurðardóttir introduced a bill to parliament which would change the management of the Central Bank, and would for example make one bank manager the head of the Central Bank. Sigurðardóttir sent a letter to the current board of the Central Bank – Ingimundur Friðriksson, Eiríkur Guðnason and Davíð Oddsson – asking that they tender their resignations immediately so that organizational changes can begin.
Blöndal contends that the bill contains a “political statement” aimed at the Conservatives, and that there is “no substantial criticism of the Central Bank being made.”

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