Iceland's Oygard optimistic on recovery
Svein Oygard, the new governor of the Central Bank of Iceland, is confident that the country can become an exemplar of how to conduct a swift economic recovery.
Oygard said that four elements were critical to laying the foundation for recovery:
· the adjustment of the macro economy;
· monetary policy aimed at stability;
· fiscal budget adjustments; and
· the re-establishment of a functional financial system.
The governor made the comments on 31 March.
Click here to read the speech
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