Iceland Default Swaps Show Investors Debt Safe, Sigfusson Says
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Iceland’s economic rehabilitation and credit default swaps back at pre-crisis levels are proof the island’s debt is a safe investment as it prepares to tap capital markets, Finance Minister Steingrimur J. Sigfusson said.
“We’re at an important turning point in many ways,” Sigfusson said in an interview with Bloomberg Television’s Francine Lacqua yesterday. “We’re mainly trying to present our own case, which we think is good enough to make a convincing story that Iceland is a safe place to lend money to.”