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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