Johanna Sigurdardottir, Prime Minister of Iceland, has been named number 74 on Forbes’ 100 most powerful women in the world. Number one was listed as Angela Merkel, Chancellor of Germany. This is the first time that Johanna Sigurdardottir has appeared on this list, along with America’s First Lady Michelle Obama. Read the full story

In an emotional address to parliament today, Icelandic Prime Minister Geir H. Haarde summed up the tempestuous waves of misfortune that over the last weeks have shaken the nation’s financial foundations and threathened its sovereignty.

“It is at such times that the Icelandic nation will show what stuff it is made of – its fortitude and prudence in the face of these disasters inspires admiration everywhere. We may for a time be bloodied, but we are unbowed.”

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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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Icelandic TV Channel 2 informed that a letter was sent from Downing street 10 to the Icelandic Embassy last night. The cabinet of Gordon Brown sent a letter in which earlier statements have been considerably toned down.

The statement sent to the Ambassador of Iceland in Read the full story

Yesterday afternoon at 16.00, the Icelandic Prime Minister, Geir H. Haarde addressed the nation in a live broadcast to appraise the current financial crisis gripping the country, and the world.

The speech was unusually frank and emotional and detailed the government’s intention to give far greater powers to the Finance Ministry and the Financial Supervisory Authority to steer the banks, and the whole nation, through the troubled financial markets.

The law was later passed with support from Read the full story