Iceland Seeks Monetary Policy Change as Krona Controls Ease
- New three-party ruling coalition has a majority of one seat
- Tuesday’s deal caps more than two months of cross-party talks
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Iceland’s new center-right government will seek to overhaul the country’s monetary policy regime in order to stabilize the krona as it dismantles the last of the capital controls in place since the economic collapse of 2008.
"We made it," Independence Party leader Bjarni Benediktsson, who is set to become prime minister, told reporters in announcing a coalition deal that capped more than two months of cross-party negotiations.