Reuter: Ķsland ķ ruglinu.

,,The center-right victors of the election won over the austerity-weary public with a plan to boost economic growth, cut taxes and write down debt on foreign-owned debt crown assets.

They hope to create conditions where a gradual end to the controls would not lead to a collapse of the crown through capital flight.

However, critics say a debt write-down could further erode investor confidence in Iceland as well as being a lengthy and legally difficult process - any confiscation could lead to even more capital flight."

http://www.reuters.com/article/2013/04/29/us-iceland-economy-idUSBRE93S0K020130429


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