Iceland’s central bank governor in showdown with PM

Article reports that Iceland’s new government was locked in its first serious crisis on the 9 February 2009 after the governor of the central bank accused it of instigating a 'political attack' against him and angrily rejected a demand by the new prime minister to resign. David Oddsson, a feisty former prime minister and architect of the free market reforms that revolutionised Iceland’s economy and then contributed to its collapse, was reacting to a letter from the new prime minister demanding his resignation to take responsibility for the crisis.