The Icelandic government today signed a declaration of intent with the country’s pension funds and loan providers aimed at tackling the problems of indebted householders. Read the full story

The Icelandic government decided to lower taxes during the country’s rapid economic expansion against specialist advice and against its own better judgement. This is the opinion of the Althingi banking collapse report released today, which says the decision was objectionable. Read the full story

A bill has been introduced by the Icelandic government aimed at helping the country’s householders and reducing the stockpile of repossessed housing currently in possession of the Housing Finance Fund. Read the full story

Interest rates charged by Iceland’s Housing Finance Fund were reduced by 0.1 percent this week. The state-run mortgage fund now charges 4.6 percent on loans with a prepayment clause and 5.1 percent on loans without. The Fund’s interest rates were last lowered by 0.2 percent in May.

Althingi, the Icelandic parliament voted to raise taxes on alcohol, tobacco, vehicle duty and fuel late last night. Read the full story