Dutch c’bank chief: Iceland lied about bank woes

AMSTERDAM, Feb 4 (BestGrowthStock) – The president of the Dutch
central bank accused Iceland’s government on Thursday of lying
about the health of the country’s banks before their collapse in
October 2008.

Nout Wellink, in televised testimony before a Dutch
commission investigating the credit crisis, said he had spoken
to the head of Iceland’s central bank in early Sept. 2008.

At that time, Wellink said, he was told Iceland’s government
had been warned by the Icelandic central bank roughly six months
previously about potential dangers for the banks.

Stock Market Research

(Reporting by Harro ten Wolde, writing by Ben Berkowitz)

Dutch c’bank chief: Iceland lied about bank woes