Iceland

The president of Iceland, which became one of the biggest victims of the financial crisis when its banking system collapsed, predicted an economic recovery earlier than expected, The Wall Street Journal reported. "In the second half of this year ...

Daily Headline - global.abi.org - 01/28/2010 - 10:13 - 0 comments

Iceland set March 6 as the date for a referendum on passing a law seen key to restoring its financial health after the Dutch government squashed hopes of a new deal to repay the island's creditors, Reuters reported. Iceland owes Britain and the Neth ...

Daily Headline - global.abi.org - 01/20/2010 - 10:05 - 0 comments

he Dutch Finance Ministry is not involved in renegotiation talks with the government of Iceland over its debts related to the collapse of online bank Icesave, a spokeswoman for the ministry said on Tuesday, Reuters reported. Iceland plans to hold a refer ...

Daily Headline - global.abi.org - 01/13/2010 - 10:01 - 0 comments

There are many ways to decide whether to repay your debts but a national referendum is surely a first. That is what is going to happen in Iceland after its president refused to sign a bill paying €3.8 billion ($5.5 billion) to the British and Dutch gover ...

Daily Headline - global.abi.org - 01/11/2010 - 09:30 - 0 comments

Iceland's efforts to join the European Union could be delayed by a referendum on terms for repaying Britain and the Netherlands following a banking collapse, the Spanish EU presidency said on Friday, Reuters reported. British and Dutch depositors in ...

Daily Headline - global.abi.org - 01/08/2010 - 10:31 - 0 comments

The last time Iceland and the U.K. went to war it didn't end well for the British, The Wall Street Journal reported in an editorial. This time the squabble isn't related to fish; it's about money and a sunken savings account called Ice ...

Daily Headline - global.abi.org - 01/06/2010 - 10:43 - 0 comments

Iceland was warned on Tuesday that it risked international isolation after the country’s president blocked a deal to repay Britain and the Netherlands almost €4 billion ($5.7 billion, £3.6 billion) lost in a failed Icelandic bank, the Financial Times ...

Daily Headline - global.abi.org - 01/06/2010 - 10:43 - 0 comments

President of Iceland Ólafur Ragnar Grímsson is still contemplating whether to veto the Icesave legislation, which the Icelandic parliament passed on December 31, Iceland Review reported. The number of signatures on the petition urging the president t ...

Daily Headline - global.abi.org - 01/04/2010 - 10:38 - 0 comments

Iceland’s parliament approved an amended bill on Wednesday to repay more than $5 billion lost by savers in Britain and the Netherlands when the island’s banks collapsed during the financial crisis, the Financial Times reported. The passage of the leg ...

Daily Headline - global.abi.org - 12/31/2009 - 11:56 - 0 comments

The Czech government Monday decided to cancel the sale of flag carrier CSA Czech Airlines to a Czech-Icelandic consortium, citing a range of concerns, and will instead continue restructuring the company, Dow Jones reported. The airline's pilots last ...

Daily Headline - global.abi.org - 10/27/2009 - 09:57 - 0 comments