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Four former Icelandic ministers implicated over banking collapse

The parliamentary committee scrutinising the report into the Icelandic banking crash has come to a decision; but not unanimously, Visir.is reports. The committee, chaired by Atli Gislasson, was split...

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Icelanders want former ministers to face trial

A new Gallup poll in Iceland suggests that a majority of people want to try former government ministers for alleged misconduct connected to the bank collapse. The poll also reveals that more low...

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Icelandic government in further crisis?

Any potential co-operation between Iceland’s Progressive Party and the two coalition parties in government has not been discussed among the three parties, says Progressive MP Gunnar Bragi Sveinsson....

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Japan earthquake crisis website for non-Japanese speakers

It is coming to light that foreign-language information on the unfolding crisis in Japan is often scant and incomplete compared to what is available in Japanese. As a result, one Japanese citizen has...

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Former Iceland PM negligence trial could be thrown out

Iceland’s special court convened to try former Prime Minister Geir H. Haarde for negligence in the lead up to, and during, the banking crisis will decide in the next four weeks whether or not to throw...

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Two of six bank crash charges against former Iceland PM dropped by court

Two of the biggest charges against former Icelandic Prime Minister, Geir H. Haarde, were this week dropped. Haarde said the two charges were by far the most serious the Landsdomur high court was to...

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PM disputes Iceland emigration crisis

Jóhanna Sigurðardóttir, Prime Minister of Iceland, says that the number of people moving away from Iceland this year is no more than in an average year — despite extensive media coverage to the...

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Trial of former Icelandic PM has begun

The court case against Geir H. Haarde, the former Prime Minister of Iceland, has begun in Reykjavík this morning after a succession of challenges aiming to cancel the case before it started. Geir is...

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Iceland-stand-by arrangement – Review under the emergency financing mechanism

PRESS RELEASE FROM THE ICELANDIC PM OFFICE: Today, the International Monetary Fund published a report: “Review Under the Emergency Financing Mechanism”. The review was part of the IMF’s Emergency...

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Credit card usage drops in Iceland

Credit and debit card use in Iceland has reduced considerably so far this year. Household credit card turnover rates dropped about 13.8 percent from January to May this year, whilst the debit card...

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Euro exchange rate reached over 180 ISK

According to the National Treasury of Iceland, locally known as Seðlabanki Ísland, the Euro (EUR) has reached over 180 Icelandic kronur. The exchange rate index is now at 233.23 according to the...

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Russia approves 64 billion ISK loan to Iceland

The Russian government has decided to approve a loan to the Icelandic government up to 64 billion Icelandic kronur (500 million USD). According to the Russian news source, Vedomosti, Assistant...

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