A new Minister for Foreign Affairs, Mr. Gunnar Bragi Sveinsson, took office today, replacing Mr. Össur Skarphéðinsson.
A Government of the Progressive Party and the Independence Party has been formed and took office today. Nine ministers will take seat in the new government, four from the Progressive Party, and five from the Independence Party.
Draft legislation on the establishment of a Financial Stability Council has been submitted for review on the Ministry of Finance and Economic Affairs‘ website. The draft legislation was prepared by a committee appointed by the Minister in December 2012.