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Left-Green: No to “Bank Breadcrumbs”

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Left-Green: No to “Bank Breadcrumbs”

Katrín Jakobsdóttir.

Chairperson of the Left-Green Movement Katrín Jakobsdóttir. Photo: Left-Green Movement/Facebook

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.”

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