Creditor Deal Attacked by Iceland Lobbyists With History of Wins
- InDefence wants Iceland to reject creditor deal and impose tax
- Iceland Prime Minister Gunnlaugsson is former member of group
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InDefence, an Icelandic lobby group that has a history of pushing through changes in international debt settlements, wants its government to reject a proposal that will let bank creditors sidestep an exit tax.
Olafur Eliasson, a spokesman for the group (who’s not to be confused with the Danish-Icelandic installations artist), says that allowing the creditor proposal to go through will result in a “massive balance of payments problem in the future.”