Norwegian economist and ex-temporary director of the Central Bank of Iceland, Svein Harald Oygard says other European nations could learn from Iceland in their response to economic troubles. Read the full story

Press release from the Central Bank of Iceland:

Már Guðmundsson took over from Svein Harald Øygard as Governor of the Central Bank today. Since 2004, Már has served as Deputy Head of the Monetary and Economic Department of the Bank for International Settlements in Basel, Switzerland. (see: news release from the BIS). Prior to that, he was employed by the Central Bank of Iceland for nearly two decades, including ten years as Chief Economist. Read the full story

The Central Bank of Iceland announced yesterday that the country’s harsh capital controls will be gradually lifted beginning in November, ending the current ‘managed float’ of the fragile Icelandic krona. Read the full story