The Central Bank of Iceland has now issued new interest rate of 18 percent. For Icelandic economy this might mean further troubles for businesses which are already in trouble because of high dept, partly because of foreign dept and currency crisis.
Filed under: Uncategorized | Tags: Fish, fish and chips, Iceland, Shortage
Filed under: banks, Iceland, Icesave, UK | Tags: Darling, Iceland, Icesave, Mathiesen
FT has now published the transcript of conversation between Mr. Darling and Mr. Mathiesen, the day before Darling stated:
“The Icelandic government, believe it or not, have told me yesterday they have no intention of honouring their obligations here.”
No where in the converstation Mr. Mathiesen stated that Iceland would Iceland would not honour its obligations.
In stead of offering help, Mr. Darling decided to very harmful action against the Icelandic people and harm both Icelandic companies and the people of UK, limiting the changes of Icelandic companies to get back there money in order to repay to the British public.
Yesterday our international air port (Keflavik) was closed due to bad weather. Air planes were diverted to Akureyri (in north) and Egilsstadir (in East).
Now the weater is getting back to normal, and plains are coming back to the Keflavik airport.
The international journalists’ body, Reporters Sans Frontieres has published its annual report on global press freedom, The Guardian reports.
Iceland, Luxembourg and Norway jointly top the list of 173 countries, which takes into account different factors including freedom of speech, treatment of journalists and media ownership.
Filed under: Uncategorized
Filed under: banks, Iceland, Icesave, UK | Tags: Britain, Brown, Iceland, kaupthing
Now it seem that Britain will loan the Icelandic government 3 billion British pounds to pay back to the British people the money that they lost from Icesave. This to nation that is the media has said was on verge of bankruptcy. Nation that the British government used Terror law against and put on list with nations like Taliban and Irans.
This action alone has caused the financial crises to be much worse in Iceland than they needed to be. Kaupthing bank went under after this hostile act of the British government, transactions of money has stopped of products Icelandic companies that have nothing to do with the banks and the reputation damage for Icelandic nation.
Iceland has been friendly neighbor nation with UK, they have many things alike. When Iceland had problems this is what British government did. There are 60 million people in Britain and 0,3 million in Iceland ie. Britain has 200 times more people than Iceland. Mr. Brown used this situation to move the focus from his own problems from domestic problems towards small nation, that he knew in power of Britain’s size he could get away with.
Now it is clear that the Icelandic government will pay all their part of the deposit guarantee like it has always said it would!
I hope that Mr. Brown will now focus on his own problems at home rather than attacking Iceland.
Filed under: Uncategorized
The Guardian has published new poll, were people are asked about Brown response to the crisis. It is obvious that the Browns attack on Iceland has not worked.
