Iceland's Oddsson out, Norwegian consultant in

David Oddsson, the beleaguered head of the Central Bank of Iceland, was forced to step down on Friday following the passing of a new central bank act. Svein Harald Oygard, a director at McKinsey, a consultancy, will replace him as interim governor.

Oddsson, the chairman of the central bank's governing board, and his fellow governors, Erikur Gudnason and Ingimundur Fridriksson, left the institution on Friday after parliament passed an act which gave the prime minister the authority to depose t

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