Chairperson of the Left-Green Movement Katrín Jakobsdóttir would like to see a “social bank” established in Iceland, rather than receiving “breadcrumbs” from state-owned banks, thereby referring to the Independence Party’s proposal to distribute 5 percent of the shares of state-owned banks among the public, according to RÚV.
The Movement’s leadership was reelected Saturday at its annual meeting in Selfoss.
A “social bank” would protect the public interest and not have profit as a sole purpose. The party would like to see Landsbanki become such a bank instead of a traditional investment bank.
“I think,” Katrín noted, “that here we see crystallized a certain policy difference between the two different parties―right, left. Because it has to with whether we want to see a bank working for all of society, or whether we want each and every one of us to get breadcrumbs from the profit created by large investment banks.”