Iceland
Iceland faces rising unemployment and rampant inflation
By Jordan Shilton, December 20, 2008
Protests continue in Reykjavík to demand the resignation of the government and central bank chiefs and the holding of fresh elections. Opposition has also been expressed to the privatisation drive re...
Iceland: A portent of the future
November 29, 2008
Iceland is facing a social and economic catastrophe. Its 300,000 people have suffered the worst and most immediate impact of the worldwide financial crisis of any advanced country. For that reason, th...
Iceland: Street protests against government and economic meltdown
By Jordan Shilton, November 29, 2008
Thousands protested in the Icelandic capital Reykjavik last Saturday, calling for the resignation of the government and for early elections. The protest follows weeks of unrest on the streets, in the ...
Huge IMF bailout for emerging economies
By Peter Symonds, November 1, 2008
The International Monetary Fund (IMF), backed by central banks in the US and Europe, has taken drastic steps over the past week to prop up so-called emerging economies around the world from Asia to Ea...
Britain and Iceland in bitter conflict over banking collapse
By Jordan Shilton, October 14, 2008
A comment in the Telegraph was entitled
Britain and Iceland in bitter conflict over banking collapse
By Jordan Shilton, October 13, 2008
The seizure of £4 billion in banking assets by the British government is the most extraordinary move in the escalating hostilities that opened up following the collapse of Iceland’s major banks...
Iceland faces national bankruptcy
By Jordan Shilton, October 10, 2008
Iceland’s entire banking system is in danger of collapse. On Wednesday Kaupthing Bank, Iceland’s largest bank, became the third financial institution to be taken over by the government, jo...
Iceland suspends trading in bank shares as financial crisis hits Scandinavia hard
By Jordan Shilton, October 7, 2008
Iceland’s Financial Services Authority yesterday suspended all trading in the shares of all financial instruments issued by its major banks--Exista , Glitnir, Kaupthing, Landsbanki, Straumur-Bur...
