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CNNMoney.com (Free subscription) | 02/12/2008
... in early October. "Of course we would not have accepted any political strings," Prime Minister Geir Haarde tells Fortune. "This loan would not have indicated any change in our foreign or security policy." Still, his phone rang off the hook, and IMF officials rushed to put in place an emergency $2.1 billion rescue package. By then it was too late. Iceland had already become the first...
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The Earth Times Online Newspaper (Free subscription) | 02/12/2008
... Central Bank chief David Oddsson. Over the weekend, angry Icelanders demanded that Prime Minister Geir Haarde step down. Similar calls for the two men to step down have punctuated recent weeks. The two men are being held accountable for the financial breakdown, bank collapses and accumulation of huge debt in the country of 320,000 on the island nation in the icy North Atlantic. The...
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The Earth Times Online Newspaper (Free subscription) | 02/12/2008
... Central Bank chief David Oddsson. Over the weekend, angry Icelanders demanded that Prime Minister Geir Haarde step down. Similar calls for the two men to step down have punctuated recent weeks. The two men are being held accountable for the financial breakdown, bank collapses and accumulation of huge debt in the country of 320,000 on the island nation in the icy North Atlantic. The...
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Bank Tech (Free subscription) | 30/11/2008
... including the possibility of adopting the euro without joining the European Union, Prime Minister Geir Haarde said on Saturday.Haarde said the financial crisis which has ravaged the nation's banking system and the Icelandic crown has underscored the pitfalls of managing a currency in a small, open economy."People are looking into the possibility of 'dollarisation', or unilateral...
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The Earth Times Online Newspaper (Free subscription) | 30/11/2008
Reykjavik/Stockholm - Several thousand people in Iceland over the weekend braved freezing conditions to protest against the government as the effects of the economic crisis continued to unfold, reports said Sunday. Similar protests have been held in recent weeks with calls for the prime minister and central bank governor among others to resign. Refusing to resign, Prime Minister Geir Haarde...
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Knowledge is Power (Free subscription) | 28/11/2008
move around some - it’ll keep ya warm THOUSANDS of Icelanders have demonstrated in Reykjavik to demand the resignation of Prime Minister Geir Haarde and Central Bank governor David Oddsson, for failing to stop the country’s financial meltdown. It was the latest in a series of protests in the capital since October’s banking collapse crippled the island’s economy. ... “We had a good country...
