Iceland banks privatised again within five years?

Icelandic-money-02Iceland’s Prime Minister, Johanna Sigurdardottir said today that the state should not stay in control of the banks a day longer than is strictly necessary for their reorganisation. A new parliamentary bill recommends that the state bank holding organisation be wound up after five years, as the banks should already have been re-privatised by that time.

The future bank ownership strategy is due for release soon, reports. The strategy is likely to include plans for a fair sized share of foreign ownership, although foreign creditors have thus far not shown much interest in becoming owners.

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