Capital controls in Iceland

17.4.2014

Question for written answer P-005195-14
to the Commission
Rule 117
Morten Løkkegaard (ALDE)

It has come to my attention that, in its response to my Questions submitted on 19 February 2014 (E-001903/2014), the Commission has taken the view that Iceland is making ‘on-going progress in lifting’ the capital controls, which, given that there have been no steps taken to remove the controls, is incorrect.

In light of this statement, I would like to ask the following supplementary question:

In the event that the Commission stands by its earlier statement that Iceland is making ‘on-going progress in lifting’ the controls, could the Commission provide an account of exactly what ‘progress’ it believes Iceland has made, and how the Commission believes this constitutes a move towards lifting the restrictions?

Please provide an answer which takes into account the fact that in March 2013, Iceland implemented legislation which made the capital controls stricter.

OJ C 426, 27/11/2014