Bjarni Armannsson: It Would Be Irresponsible Of Me To Pay

September 10th, 2009 → 10:12 am @

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Bjarni Armannsson: It Would Be Irresponsible Of Me To Pay

How is Steingrimur J. Sigfusson going to tackle this one?

Glitnir/Islandsbanki is probably about to relieve former CEO Bjarni Armannsson of a debt of 800 million ISK, which is from a loan his own shelf-company Imagine got from the bank to purchase 12% of shares in the Norwegian business Glitnir Property Holding. Bjarni who walked out of Glitnir with 7 billion ISK says in an interview with DV that it would be an irresponsible treatment of money to pay this debt.

How does this sit with Iceland’s finance minister who recently said it was Icelanders’ moral duty to keep paying their debts even though they have grown out of proportion. “I think it is very irresponsible to encourage people to give up or stop paying. That will bring more misfortune on us all, those who are worst off and society as a whole”.

Related posts:

  1. Irresponsible Treatment Of Money
  2. Bjarni “more, more”
  3. Bjarni Benediktsson: Were He To Have His Way It Could Further Stall Iceland’s Recovery Efforts
  4. FT: Willem Buiter On Dubai
  5. Who’s Demanding A Seat At The Table? Is It You?
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