Despite some claims to the contrary, there has not yet been any new deal agreed in the ongoing Icesave dispute between Iceland, the Netherlands and the United Kingdom. The talks are, however, said to be going very well. Read the full story

An IMF delegation has been in Iceland for the last two weeks preparing the way for the Fund’s third review of its economic rescue package with the country. Read the full story

After starting to recover, Finland’s economy slipped back into recession at the beginning of 2010, according to official figures. Following a decline of 0.2 percent in December 2009, the economy contracted by a further 0.4 percent in the first three months of this year. Read the full story

Demand for luxury items such as jewellery and expensive watches has not diminished in Iceland, despite the financial crisis; in fact these items are selling like never before and there is a long waiting list for Rolex watches which cost more than ISK 1 million (USD 7,650). Read the full story

Icelandic teenagers are more content now in the midst of a recession than they were in the boom years. This is the conclusion of a new research report which indicates that parent-child relationships seem to have improved since the economic crisis began. Read the full story

The IMF says there are increasing signs that Iceland’s recession, although deep, will not be as harsh as feared and economic growth is expected to start again some time this year, despite a predicted 3 percent recession in 2010 as a whole. Read the full story

The assets of businessmen Jon Asgeir Johannesson and Hannes Smarason in Iceland will be frozen in connection with tax authority investigations into them and the businesses they used to run. Read the full story

The Norwegian Prime Minister Jens Stoltenberg has announced that his government will limit spending of oil revenue beginning in 2011 as a safeguard against overheating the economy and forcing interest rates up. Read the full story

The Government Pension Fund Global, or National Oil Fund, recorded a record annual return for 2009 according to a new report by the Norwegian Central Bank. Read the full story

The Danish Confederation of Trade Unions (LO) has unexpectedly reduced its demands for wage increases for privately employed members. Read the full story