Embattled Oddsson goes on the offensive

David Oddsson, the under-fire chairman of the board of governors at the Central Bank of Iceland, hit back at a letter sent last week by the prime minister calling for him to resign.

"Correspondence of this type, containing poorly disguised threats against government officials, is unique, not only in Iceland but in the Western world," Oddsson wrote in an extraordinary five-page rejoinder released on Monday. "The laws that are designed to guarantee the independence of the Central Bank and preven

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