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Iceland Economy

Iceland protest ends in clashes

Protesters in Iceland's capital, Reykjavik, clash with police during a demonstration over the handling of the country's financial crisis.
Ref. Source 8

Economy Iceland

Iceland Crisis

Iceland's PM Geir Haarde announces the immediate resignation of his government in the wake of the country's dire economic crisis.
Ref. BBC

Iceland Economy History & Civil Business Politics

Councils 'ignored Iceland risks'

Seven councils are accused of "negligence" for depositing money with Icelandic banks, days before they went bust last October. Ref. Source 6

Economy Iceland

Iceland rejects bank payback plan

Voters in Iceland overwhelmingly reject a plan to repay debts to the UK and the Netherlands in the wake of the Icesave collapse. Ref. Source 8

Economy Iceland

Iceland Is No Ireland as State Free of Bank Debt, Grimsson Says:

Iceland's President Olafur R. Grimsson said his country is better off than Ireland thanks to the government's decision to allow the banks to fail two years ago and because the krona could be devalued. Ref. Source 5

Iceland Economy

Over 100 under investigation in Iceland bank crash probe:

Iceland's Special Prosecutor into the banking crisis says that well over a hundred people are being investigated by his office. Ref. Source 6

Iceland Economy

London arrests made in Icelandic banking case:

Sigurdur Einarsson, former chairman of Kaupthing Bank, and Robert Tchenguiz, who was the now-defunct bank's biggest customer, were both arrested this morning in London in a joint operation by the Serious Fraud Office and Iceland's Special Prosecutor into the banking crash. Ref. Source 1

Iceland Economy Politics Business Civil & History

Iceland Declares Independence from International Banks
By Bill Wilson

If the U.S. - or any sovereign for that matter - attempts to restructure their debts, or to force private investors to take a haircut on their own foolish gambles, these international institutions have promised the equivalent of economic war in response. Ref. Source 7