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Icelandic goverment controls the banks
The Icelandic goverment is passing a emergency law through today in
Parliement.
The law gives the goverment control over all the banks in Iceland.
The goverment will be the supervisor and can take full control of the banks .
It can also create a bank and more.
The banks are to big for the Icelandic economy.
Stock owners will loose money - but people who have deposits in the banks - are safe --
The law gives the goverment control over all the banks in Iceland.
The goverment will be the supervisor and can take full control of the banks .
It can also create a bank and more.
The banks are to big for the Icelandic economy.
Stock owners will loose money - but people who have deposits in the banks - are safe --
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