Half Satisfied with Debt Relief Plan

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Half Satisfied with Debt Relief Plan

Fifty-two percent of respondents to a new survey conducted by the University of Iceland for Morgunblaðið said they were either very or fairly satisfied with the government’s debt relief plan announced on Saturday.

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Iceland’s Prime Minister and Minister of Finance presenting the government’s plan over the weekend. Photo: Páll Stefánsson/Iceland Review.

At the same time, 22 percent of respondents said they were very or fairly dissatisfied, while 26 percent said they were neither satisfied nor dissatisfied, Morgunblaðið reports.

The poll also asked respondents about how they thought the plan would impact them financially. Eight percent said the plan would have a big impact on their lives while 2.5 percent said it would have a huge impact. All in all, 24 percent of respondents said the impact would be significant while 30 percent said it would be small and 33 percent negligible.

The poll, which was conducted online, was sent to 1,950 individuals. The response rate was 42 percent.

The government plan allows for debt cancellation of up to ISK 4 million (USD 33,000, EUR 24,400) on indexed mortgages as well as tax relief per affected household.

A government statement (in English) about the plan is available here.

Related:

03.12.13 | Explaining Iceland’s Debt Relief Plan

30.11.13 | Icelandic Government Presents Debt Relief Plan

ZR