Iceland’s special court convened to try former Prime Minister Geir H. Haarde for negligence in the lead up to, and during, the banking crisis will decide in the next four weeks whether or not to throw the case out before trial. Haarde says he has a clear conscience and will wait patiently for the court’s decision. Read the full story

Former Icelandic prime mininster Geir H. Haarde, who is on trial for incompetence during the banking crash, has told the AFP that the trial is a sham and that he actually helped save Iceland from Greece’s fate. Read the full story

The Althingi prosecutor says charges against former Icelandic Prime Minister Geir H. Haarde are nearly ready and will be put to the court trying him for negligence in the banking crisis “very soon”. Read the full story

Former Icelandic Prime Minister Geir H. Haarde visited Ireland last week with bad news for the ‘Celtic Tiger’, saying its economy will shrink more than Iceland’s this year. Read the full story

Today, Saturday, at 16.00 Icelandic time a torch bearing procession will make its way from Austurvollur (the square outside the national parliament in Reykjavik) to Radherrabustadurinn (the house where cabinet meetings take place) under the banner “breaking the Authorities’ silence”.

“Everybody should meet at Austurvollur, to meet like-minded Read the full story

The press conference held today at 2pm Icelandic time revealed details about the discussions between the Icelandic government and the IMF delegation.

The Icelandic Prime Minister, Geir H. Haarde, stressed that Iceland should not lose its courage and its people should support each other during these difficult times.

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Bjorgvin G. Sigurdsson, the Minister of Trade, Thorgerdur Katrin Gunnarsdottir, the Minister of Education, Science and Culture, Arni Mathiesen, the Finance Minister and Ossur Skarphedinsson, the Minister of Industry have just left the venue where Geir H. Haarde, the Icelandic Prime Minister is leading negotiations with the representatives of the IMF.

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The Icelandic state’s liability with regard to Icesave customers in the UK and Netherlands is around ISK 600 billion – equivalent to ISK 2 million (EUR 13,255) for every Icelander. Icelandic Minister of Business Affairs, Bjorgvin G. Sigurdsson says that the sale of Landsbanki assets will go a long way to covering the cost, RUV.is reports.

The Icelandic and British governments are now reported to be working closely together to resolve the issue of returning depositors’ savings. Relations are said to be friendly.

Alistair Darling, British Chancellor, said in a press conference this morning that it is extremely important to reach an agreement with the Icelandic government on payment to British savers. Darling said Read the full story

From Icelandic Prime Minister’s office

Delegations of Iceland and the United Kingdom have met in a friendly atmosphere in Reykjavík to discuss issues of mutual interest related to the current financial crisis, with the objective to reach a mutually satisfactory solution on the issues concerned.

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Jon Cunliffe, the Second Permanent Secretary at HM Treasury, and Managing Director of International and Finance Directorate in UK, sent a letter to Geir H. Haarde, Icelandic PM, earlier today.

Cunliffe was asked by Haarde to clarify the present attitude of the British Government towards Icelandic companies.

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