We just want to get the same interest rates as the Faroese people.

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We just want to get the same interest rates as the Faroese people.

"The majority of the banks' profits can be attributed to the high interest rate here in Iceland," says Breki Karlsson, chairman of the Icelandic Consumers' Association, about the 96 billion krónur profit of the four commercial banks operating in Iceland. "We have by far the highest real interest rate of the countries we want to compare ourselves with. The real interest rate in Europe is 0.5 percent to 1 percent. We have a real interest rate thre…