Iceland

Iceland said on Sunday it had agreed to a new deal to repay Britain and the Netherlands billions of dollars of deposits lost when the island's banks collapsed in 2008, paving the way for new aid from international lenders, Reuters reported. Iceland ...

Daily Headline - global.abi.org - 10/19/2009 - 08:01 - 0 comments

Iceland, the U.K. and the Netherlands are closer to agreeing to loan terms for Iceland to repay the massive losses by foreign depositors in the collapsed Icesave Internet bank, said Iceland Finance Minister Steingrímur Sigfússon, The Wall Street Journa ...

Daily Headline - global.abi.org - 10/07/2009 - 09:22 - 0 comments

Iceland’s prime minister has hit out against the International Monetary Fund and the British and Dutch governments for holding up recovery efforts a year after the country’s banking sector collapsed, the Financial Times reported. Johanna Sigurdardott ...

Daily Headline - global.abi.org - 10/06/2009 - 09:40 - 0 comments

Iceland's finance minister said British and Dutch objections to proposals for repaying debts of more than $5 billion were only an initial response and all three countries wanted to resolve the issue quickly, according to media reports on Saturday. I ...

Daily Headline - global.abi.org - 09/21/2009 - 08:12 - 0 comments

Britain and the Netherlands oppose a deadline in Iceland's plans to repay savers who lost money held in the island nation's banks when they collapsed, a government official said on Thursday, Reuters reported. A member of Iceland's budgetar ...

Daily Headline - global.abi.org - 09/18/2009 - 08:29 - 0 comments

Icelandic lawmakers began a final debate on Thursday on a politically sensitive bill to authorise paying back Britain and the Netherlands more than $5 billion lost in Icelandic deposit accounts last year, Reuters reported. Parliament is expected to appro ...

Daily Headline - global.abi.org - 08/27/2009 - 10:18 - 0 comments

Britain’s Serious Fraud Office is to meet with Icelandic investigators in London next month as Reykjavik seeks international help to discover whether criminal wrongdoing played a role in bringing down Iceland’s banking sector, the Financial Times rep ...

Daily Headline - global.abi.org - 08/14/2009 - 07:39 - 0 comments

The second richest man in Icelandic history has filed for bankruptcy, his spokesman said Friday, The Associated Press reported. Bjorgolfur Gudmundsson, the brewer-turned-billionaire and former owner of the West Ham soccer club, applied for bankruptcy pro ...

Daily Headline - global.abi.org - 08/03/2009 - 05:44 - 0 comments

Just months after an epic banking collapse forced Iceland into the arms of the International Monetary Fund, this island nation is locked in a fierce debate over how to pay off its creditors without ceding too much of its vaunted independence, The New Y ...

Daily Headline - global.abi.org - 07/28/2009 - 08:37 - 0 comments

Tiny Iceland was hit uniquely hard by the credit crisis, The Economist reported. Its banks had assets eight times its GDP. When they collapsed it seemed that a life of fishing and harvesting pelts beckoned for the country’s more sophisticated inhabit ...

Daily Headline - global.abi.org - 07/24/2009 - 10:14 - 0 comments