→ June 22, 2009
The government has been harshly criticized from all directions for keeping the IceSave agreements secret. This weekend, a protest meeting was held downtown Reykjavik where the speakers continued that critisism. Afterwards, Steingrimur J. Sigfusson invited Hordur Torfason, the organizer and Lara Hanna Einarsdottir, blogger and protester to see emails between the Icelandic and Dutch government [...]
→ June 19, 2009
Iceland’s IceSave agreement with Holland (PDF) Iceland’s IceSave agreeement with the UK (PDF)
→ June 14, 2009
Sigurjon Th. Arnason, former CEO of Landsbankinn was rewarded for the best annual report of 2007. His lawyer, Sigurdur G. Gudjonsson just claimed from the safety of Pressan, the webzine that Bjorn Ingi Hrafnsson controls to affect public discussion on behalf of the disgraced business and political circles, that Eva Joly must be dismissed of [...]
→ June 10, 2009
“Foreign journalists (not Icelandic ones, except for maybe Egill Helgason), Icelandic and foreign specialists, foreign leaders, including Gordon Brown had said from 2006: “this isn’t going to work, you have to do something”. Althingi didn’t do anything, the government didn’t do anything, the Central Bank didn’t do anything, the Financial Authorities didn’t do anything and [...]
→ June 9, 2009
I feel that the Icelandic government is now desperately trying to save its nation and I am ready to help with all my might. The fall-out from the economic disaster is not going to be easy – we knew that. Now it is time to pay. We have no other way out except to start [...]
→ June 9, 2009
The owners of the Icelandic banks were not afraid to take a London cab to the Money Train. Landsbankinn in the UK made loans of 730 billion ISK. The highest loan to an individual business was 205 million pounds to Novator, Bjorgolfur Thor’s company which used the money to buy pharmaceutical company Actavis. Actavis itself [...]
→ June 9, 2009
The second phase of the protests seems to be upon us. Roughly 1,000 people protested the IceSave agreement outside Althingi yesterday. More are expected to come as the protest is supposed to take place at 3pm every day this week. The core of the protest does not revolve around Icelanders wanting to “do one over” [...]
→ June 8, 2009
Sigurjon Arnason, the CEO who lead Landsbankinn into the IceSave fiasco is confident that if the sale of the banks assets are done correctly then they will cover the 650 billion the state has to assume because of the disastrous savings account. Maybe the state could ask Sigurjon to organize the sale? But there is [...]
→ June 5, 2009
The UK government will provide the Icelandic government with a loan that is supposed to cover its total commitments because of IceSave in the UK and Holland. These commitments are 650 billion ISK, according to the agreement between the nations and the interest rates are 5,5% annually. Payments of the loan will not begin until [...]
