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Posts Tagged ‘Iceland capital controls’

Iceland: Government and trade unions impose IMF austerity measures

Posted by seumasach on July 14, 2009

Jordan Shilton


14th July, 2009

On June 26, a comprehensive agreement was announced between Iceland’s government, trade unions and employers’ organisations, containing plans for sharp public spending cuts and tax hikes. The “stability pact” had been under negotiation for several weeks and is in response to pressure from the International Monetary Fund (IMF) for the government to seek a balanced budget by 2013.

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