TITLE

Treasury defends Landsbanki action

AUTHOR(S)
York, Nicola
PUB. DATE
June 2009
SOURCE
Money Marketing;6/25/2009, p12
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article discusses the treasury's defence in response to the collapse of the Icelandic banking system, saying it was just to take urgent action to protect financial stability in Great Britain. The treasury says that this was serious concern as certain statements made by the Icelandic Prime Minister indicate it would only protect their own, and other depositors and creditors would be overlooked. This would be discriminatory and a breach of the European Economic Area Treaty.
ACCESSION #
43380904

 

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