Tag Archive | "financial crisis"

Danish bank collapse report gaining attention in Iceland

A report by Danish lawyers on the fall of Denmark’s Roskilde Bank points to the likelihood of the bank’s previous management breaking the law on many occasions. The report could be very useful in Iceland as well, according to the country’s special bank collapse investigator and the head of the FME, the Icelandic financial supervisory [...]

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Posted in Business, Denmark, Iceland, MBL, PoliticsComments (7)

Darling “overreacted towards Iceland”

The application of anti-terrorist laws against Iceland at the beginning of the banking crisis last October was unnecessarily harsh; this is the finding of a British parliament committee set up specifically to investigate events in the Icelandic economy and their effect on the United Kingdom. The committee also found that the laws need reviewing and [...]

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Posted in Iceland, MBL, Politics, Society, Travel, United KingdomComments (14)

Foreign Consultants Engaged to Represent State Interests

PRESS RELEASE FROM THE PRIME MINISTER’S OFFICE: At a meeting held on 3 February, the Government of Iceland approved a proposal from the Prime Minister to conclude a contract with the international corporate advisory firm Hawkpoint to work under the supervision of Icelandic authorities on reaching a settlement between the old and new banks.

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Monetary Policy Committee

PRESS RELEASE FROM THE CENTRAL BANK OF ICELAND: The Governor of the Central Bank of Iceland has decided that Thórarinn G. Pétursson, acting Chief Economist of the Central Bank, shall take a seat on the Monetary Policy Committee. Other members include Central

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Heads of Iceland central bank say goodbye

David Oddsson and Eirikur Gudnason, the governors of the Central Bank of Iceland, said a fond farewell to bank staff at a meeting earlier today, MBL reported.

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Iceland: Time to reconsider national approach?

“The foreign debt of the Icelandic economy and the nation is beyond our power and the prospect is black,” said Haraldur L. Haraldsson, an economist, at a political debate hosted by the Organisation for Civic Action yesterday evening, mbl.is reported.

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Organisation for Civic Action hosting political debate

On February 16th in Reykjavik, Iceland, the Organisation for Civic Action will host a debate on the state of the nation in the wake of the economic crisis and the collapse of the Icelandic banking system.

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Posted in Iceland, MBL, Politics, SocietyComments (6)

Former Icelandic PM Haarde on HARDtalk

Geir H. Haarde, the former Icelandic Prime Minister, was in a BBC HARDtalk interview last night. He was questioned especially about the blame of the financial collapse last October, communication between him and the British PM Gordon Brown and private talks with the governor of the Central Bank of Iceland, David Oddsson.

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Posted in Iceland, MBL, Politics, United KingdomComments (54)

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