Prime Minister Geir Haarde

Icelandic government falls amid financial crisis, protests Iceland’s ruling coalition resigned Monday, three months after the collapse of the country’s currency, stock market and several major banks, and following months of public protests, Kristjan Kristjansson, a spokesman for the prime minister told CNN. The government also fell after the resignation of the government’s commerce minister in response to the country’s financial mess. The minister, Bjorgvin Sigurdsson, resigned Sunday, saying the government had failed to restore confidence in the three months after the collapse of the financial system. Go here to read the rest Icelandic government falls amid financial crisis, protests - CNN.com Uk May ... Read Full Story

Iceland business minister resigns Iceland’s Minister of Business Affairs Bjorgvin Sigurdsson resigned Sunday, three months after the collapse of several of the country’s leading banks and its stock market. He said the government had failed to restore confidence following the crisis. There have been regular protests in Iceland since the financial collapse, with about 6,000 to 7,000 people demonstrating in front of Parliament Saturday — one of the biggest protests to date, a spokesman for the prime minister said. Read more Iceland business minister resigns - CNN.com Protestors Clash With Police In Iceland A Country Boy Can Survive Europe Is A Country And Everyone ... Read Full Story

Daily Mail 12th October 2008 Sir Philip Green has flown to Iceland to discuss his possible investment in the beleaguered retail group Baugur. The Icelandic firm has seen its assets frozen following the banking crisis which swept the Nordic country this week, with banks being nationalised in a bid to stop the financial system collapsing. Baugur owns a host of famous British high street brands, including House of Fraser, Hamleys, Oasis, Karen Millen, Warehouse, Principles and the Iceland supermarket chain. Retail king: If Sir Philip Green acquires a stake in Baugur, it would mean he has a huge influence over the British high street ... Read Full Story

Daily Mail 8th October 2008 More than 200,000 Britons fear losing their life savings after the collapse of an Icelandic bank. They were left with lukewarm reassurance last night that their £4.5billion deposited in Icesave - equal to about £22,500 for each customer  -  will ever be returned. Icesave was owned by Landsbanki, Iceland's second biggest bank, which went into receivership yesterday. Enlarge   The message on the Icesave website this morning stating that customers were no longer able to make withdrawals or deposits The move was orchestrated by Iceland's government after it gained emergency powers to save its collapsing economy. Yesterday British customers ... Read Full Story

Iceland voted Saturday in a poll seven months after its economic collapse, with the pro-EU leftist interim government tipped to win as voters were expected to snub the party blamed for the crisis. With 228,000 eligible voters, Icelanders cast their ballots in chilly springtime weather, as the daily Morgunbladid declared in an editorial that "rarely before has there been more at stake in general elections." "The future of the nation is at stake, whether it will rise again from the recession," it said. Voters were expected to give the cold shoulder to the conservative Independence Party that was in power for 18 years until ... Read Full Story