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... 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... 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... 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... 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... Read Full Story
Iceland's general election got underway Saturday seven months after the country's economic collapse, with voters expected to snub the party seen as responsible for the crisis in favour of the interim leftist government. The country's 228,000 eligible voters began casting their ballots in chilly springtime weather as polling stations opened at 9:00 am (0900 GMT) across the country. "Rarely before has been more at stake in general elections. The future of the nation is at stake, whether it... Read Full Story
T he government of Iceland fell. Went kerplop. Disintegrated into so much slush and rubble. Melted away. Died. Three months ago, Iceland's currency, the krona, collapsed, along with some of their major banks and their stock market. (Hey--that last part sounds familiar.) Some of its banks were then nationalized, and the country limped along. Then, thousands of protesters assembled , demanding that Prime Minister Geir Haarde resign (which he refused to do, but he did announce he would not run... Read Full Story
ICELANDIC PM HITS BACK AT LABOUR’S INTERNATIONAL INSULTS. SNP Westminster leader Angus Robertson MP has held up remarks by the Icelandic prime minister stating that Iceland, as a small independent nation, was inherently well placed to recover from the global financial crisis. Iceland’s Prime Minister, Geir Haarde, also used an interview with BBC Scotland to hit back at Labour critics who used the collapse of banks in Iceland to promote an anti-independence stance. Mr Robertson said: “I... Read Full Story
Feb 26 (Reuters) - Iceland's parliament passed a bill on
Thursday reforming the crisis-hit country's central bank,
effectively ousting bank governor, David Oddsson, who had defied
government demands that he step down. Here are some key details about Oddsson: * POLITICS AND THE FINANCIAL CRISIS: -- As prime minister, he was credited in the 1990s with
stabilising the economy, taming inflation, slashing unemployment
and creating the conditions for years of booming growth. -- However after... Read Full Story
Icelandic coalition government Monday, and that their economy is a necessary survival Pummeled a political crisis between the turmoil in the island nation's collapse. Prime Minister Geir Haarde its allies to meet unenthusiastic worry that the Social Democratic party coalition, the coalition to maintain the post of prime minister insisted on it. "I believe that we continue with the coalition can not regret, I believe that faith is the best result," Hårde told reporters. Ingibjorg Gisladottir... Read Full Story
