Posted by smeddum on January 21, 2009
Thousands of people protested outside the Althingi parliament yesterday on the occasion of parliament reconvening. Protestors demanded that the government step down and early elections be held. The demonstration began at noon and lasted until after midnight. Read the rest of this entry »
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Posted by smeddum on November 26, 2008
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Posted by seumasach on November 22, 2008
15th november, 2008
Iceland’s government has reversed its long-standing opposition to European Union membership in the wake of the collapse of its banking system and could join as early as 2011.
Posted in Financial crisis | Tagged: bankrupt iceland, join the euro! | Leave a Comment »
Posted by seumasach on November 16, 2008
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Posted by seumasach on November 10, 2008
The Spectre of times to be: the UK appears to be on the verge of something like this.
Sarah Lyall
8th November, 2008
REYKJAVIK, Iceland — The collapse came so fast it seemed unreal, impossible. One woman here compared it to being hit by a train. Another said she felt as if she were watching it through a window. Another said, “It feels like you’ve been put in a prison, and you don’t know what you did wrong.”
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Posted by seumasach on October 29, 2008
27th October, 2008
HELSINKI, Finland – Iceland’s business affairs minister says his country should reconsider applying for membership in the European Union and joining the common EU currency to help in future financial crises.
Posted in Uncategorized | Tagged: bankrupt iceland, euro, financial collapse | Leave a Comment »
Posted by smeddum on October 27, 2008
Denmark, Iceland look again at euro as crisis takes its toll
27 October 2008, 23:50 CET EUbusiness.com
(STOCKHOLM) – Denmark and Iceland, two of the four Nordic countries still outside the eurozone, have begun seriously debating swapping their currencies for the euro as they take a beating in the global financial crisis.
“The issue of Europe and the euro is directly linked to the crisis,” the head of Iceland’s Institute of Economic Studies, Gunnar Haraldsson, told AFP.
Norway and Sweden have been less affected by the financial turmoil and debate there has been muted, while Finland is the only Nordic country to be a member of the eurozone. Read the rest of this entry »
Posted in Uncategorized | Tagged: bankrupt iceland, Denmark, European Union, Iceland, Iceland is broke | Leave a Comment »
Posted by seumasach on October 21, 2008
21st October, 2008
Iceland, the country hit worst by the global credit crunch, is about to get a €6 billion international rescue package. Meanwhile, the EU has said negotiations would be quick if Reykjavik wants to become a member state.
Posted in Financial crisis | Tagged: bankrupt iceland, euro, join the euro! | Leave a Comment »
Posted by smeddum on October 13, 2008
Iceland minister: Must look at all options, including EU
Mon Oct 13, 2008
REYKJAVIK (Reuters) – A key Icelandic minister long opposed to joining the European Union said on Monday that given the current financial turmoil, the country had to consider every option, including a shift in that stance. Read the rest of this entry »
Posted in Financial crisis | Tagged: bankrupt iceland, Iceland Bankrupt, Iceland is broke | 1 Comment »
Posted by smeddum on October 12, 2008
Stricken Nation Turns to Haggis
Icelanders Turn To Haggis
5:48am UK, Sunday October 12, 2008
Rachel Younger, Sky News reporter
Sales of haggis are not a commonly used indicator of economic health but in Iceland the spiralling demand for sheep intestines reflects how an entire country is tightening its belt. Read the rest of this entry »
Posted in Uncategorized | Tagged: bankrupt iceland, Iceland Bankrupt, Iceland is broke | 5 Comments »
Posted by smeddum on October 10, 2008
Iceland halts stock trading
From Chicago Tribune news services
October 10, 2008
Iceland suspended trading on its stock exchange for two days and took control of the country’s largest bank—the third to be placed under its protective umbrella—on Thursday as it grappled with a banking crisis that is threatening to engulf the country. Read the rest of this entry »
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In These New Times 