US EditionThe Minister Is Waiting for Answers, Good News and the Woman Who Had Never Heard of Handball
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2 Articles
The government should have waited with changes to public spending until inflation subsided. This is what an economist at Íslandsbanki says. The chairman of VR says it is not a law of nature for companies to pass everything on to prices. Collective agreements will explode in the fall if companies go this way. On the evening news we discuss inflation, which is beyond the most pessimistic forecasts. Then the Minister of Finance appears in a studio …
Vilhjálmur Birgisson, chairman of the Icelandic Trade Union Confederation, says there is no other option in the situation than to terminate the collective agreements in the autumn if the inflation preconditions are not met. The parties to the agreement can terminate it in September if annual inflation exceeds 4.7%. "Then it is my personal opinion that there is no other option in the situation than to terminate the collective agreements simply be…
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