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Hedge Funds Get Glacier Bond Agenda From Iceland's New PM

  • Currency auctions will go ahead even if funds stay away: PM
  • New Iceland PM says government is now stable after protests
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Iceland’s PM Johannsson Aims to Remove Capital Controls

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Iceland’s new prime minister, Sigurdur Ingi Johannsson, said his government plans to go ahead with auctions intended to unwind offshore krona holdings whether hedge funds agree to participate or not.

Roughly a week after his predecessor was ousted following revelations of private offshore accounts, Johannsson, 53, has little room for error as he tries to guide Iceland through the final steps of unwinding the capital controls that have been in place since 2008.