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Icelandic parliament passes bill for sacking central bank chief

(Agencies)
Updated: 2009-02-27 11:01

STOCKHOLM -- The Icelandic parliament passed a reform bill on Thursday, paving the way for sacking the country's central bank chief, according to news reaching here from Reykjavik.

File photo of Icelandic Central Bank Governor David Oddsson. [Agencies]

Central bank president David Oddsson had already announced his resignation at a meeting earlier on Thursday before the parliament passed the bill, according to the Icelandic public broadcaster RUV.

The leadership of the central bank has been under strong criticism ever since the economy of this North European country was pushed to the brink of collapse amid the global credit crunch in October last year.

The new government, which was sworn in on February 1, had demanded Oddsson's resignation. But as he had refused to do so, the government presented a reform bill to the parliament in a bid to force him out.