Friday, February 27, 2009

The head of the Central Bank of Iceland will be a foreigner.

Central Bank of Iceland, a country which is considered to be most affected by financial crisis in western Europe, headed by a Norwegian economist, Svein Harald Oeygard (Svein Harald Oeygard or Oygard). That was reported by AFP, referring to a statement by the Prime Minister of Iceland Johanna Sigurdardottir (Johanna Sigurdardottir).
Svein Harald Oeygard has a master's degree in economics at the University of Oslo. He worked in the Ministry of Finance of Norway in 1990-1994. Since 1995, he moved to the company McKinsey.
Place heads of the Central Bank has proved to be vacant, after the post had to leave David Oddson (David Oddsson), which is considered one of the main perpetrators of such large-scale crisis in Iceland. That is considered the Prime Minister Johanna Sigurdardottir, forced the resignation of the Central Chapter. To this end, had to change local laws: now the Central Bank can lead only to a man with a master's degree in economics. Do Oddsona such an extent no.
By the end of 2008, Iceland was on the verge of bankruptcy because of what had to nationalize all major banks and the government resigned. In addition, the Central Bank raised the base rate to 18 percent. IMF loan to Iceland will allocate 2.1 billion dollars.

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