Icelandic banks fine, economy to improve: PM Haarde

haardepcGeir H. Haarde, the Icelandic Prime Minister, said at the end of a parliamentary debate on economics, that all deposits with the three nationalised banks are insured. Rumours that something unnatural is going on in the banks are simply preposterous, and none of the new banks are going to go under, he assured MPs.

Haarde said that Icelanders are not taking on more debt than they can realistically handle. He said that Iceland’s long-term prospects are bight and that Icelanders all have to work together to rebuild the country’s economy.

“It will get better; I have no doubts about that. We Icelanders have to do our very best to resolve the situation,” Haarde said.

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