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Icelandic MP wants to nationalize all assets of foreign creditors Featured

Dr. Lilja Mosesdottir, Icelandic MP Dr. Lilja Mosesdottir, Icelandic MP

Ms. Lilja Mósesdóttir, Icelandic MP, thinks that all claims of foreign creditors, related to the financial collapse, should be written off. This is Icelandic currency owned by foreigners, their claims on the defaulted banks, their shares in the new banks and the foreign currency bond between the new Landsbankinn and the old defaulted Landsbankinn.

Dr. Mar Gudmundsson, governor of the Central Bank of Iceland, has implied that putting a 75% tax on the these assets, when they leave the country, could be feasible. Lilja says that this would not be enough, because the nation does not have enough foreign currency income to allow all this money to leave the country.

Lilja points to a new report from the central bank, about the foreign debt position of Iceland, to support her case. Lilja has requested that the Economic Affairs and Trade Committee should be assembled because of this, and that Dr. Mar Gudmundsson should be there as well.

 

Source: http://www.ruv.is/frett/snjohengjan-verdi-afskrifud

 

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