FL denied that the sale of its stake in Easyjet was due to problems in the Icelandic economy, which have led to higher interest rates and the devaluation of the Icelandic krona
One Icelandic krona
(ISK) is worth approximately 0.009 British pounds.
The poor performance is attributed to the high price of oil and devaluation of the Icelandic krona
Achieving financial stability would not be possible with the Icelandic krona
, the trade unions argue.