The Independent Party and the Alliance Party had their conventions this weekend with the accompanying hallelujah’s! No need to watch them that closely as most of the brainpower in Iceland seems to reside outside of the parties at the moment. This site will be undergoing some changes in the next couple of weeks and maintenance [...]

Iceland is still asking Russia for a loan of up to $500 million and Moscow has asked for more information before making its decision, a Russian Finance Ministry official said on Thursday. From Forbes

You would think that Icelandic MP’s would have had the guts to stand up to the architects of the ruin in this manner now that this country is in a worse shape than the UK. But they won’t. Instead, foreign minister Ossur Skarphedinsson has decided to hand Valgerdur Sverrisdottir a position as a leader of [...]

According to RUV.is sources, the transfer of all customer funds and loans from SPRON to New Kaupthing has now been completed. All assets are fully insured according to law. SPRON debit and credit cards will continue to work and SPRON customers will have continued access to their online banking services for the next few days [...]

The Left Green party wants to abolish the price-indexation, “when Iceland has reached financial stability”! Good one.  Next on their list of campaign promises is a sunny day…sometime.

The “Notice of statement of affairs” document shows that Baugur took the box at St James’ Park on a two-season basis. The £225,000 owed would have been higher but the company agreed to a “payment plan” at an unspecified point in the past and around £40,000 was paid down. From The Telegraph

Inexplicably, nearly all of the bank executives, board members, and “experts” remain. Although the government has nationalized all of the banks, it has made no apparent effort to control or investigate the individuals who provided such stellar advice. They are obviously indispensable. Simon Johnson and James Kwak wrote in the New York Times that the [...]

Spegillinn, a radio show on the state channel reported last night that a business owned and registered by Landsbankinn had been dissolved in November. The business called Nerée, formed in Luxembourg by a business owned by Landsbankinn in Sweden and worth 145 million EUROS was shut down by a French lawyer who acted with the [...]

DV has been writing about the toybox of Hannes Smarason, Thorsteinn Jonsson and Magnus Armann. Apparantly they have a collection of luxury cars that they have been hiding in an underground car-park but are now preparing to transfer them abroad. It is suspected that this large collection of vehicles could go some ways to explain [...]