france24.com - 11/25/2008
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REYKJAVIK - Thousands of Icelanders demonstrated in Reykjavik on Saturday demanding the resignation of Prime Minister Geir Haarde and Central Bank Governor David Oddsson for failing to stop a financial meltdown in the country. It was the latest in a series of protests in the capital since the ...
business.timesonline.co.uk - 11/23/2008
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business.timesonline.co.uk —
Is Britain simply a bigger version of Iceland?
Certainly the City of London is starting to look...
a bit too much like Reykjavik, but with taller buildings and fewer cod. It is an exaggeration, but not that much of an exaggeration, to liken the UK to ...
(more)
Britain is in no position to laugh at Iceland’s ...
theatlantic.com - 12/3/2008
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theatlantic.com —
Iceland’s Meltdown "A ll financial innovation involves …
the creation of debt secured in greater or lesser...
adequacy by real assets,” wrote the economist John Kenneth Galbraith in 1993. And “all crises have involved debt that, in one fashion or ...
(more)
Iceland’s Meltdown - The Atlantic
(December ...
ftalphaville.ft.com - 11/21/2008
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ftalphaville.ft.com —
Switzerland’s famous for chocolate, cheese, knives, neutrality and
banking . It’s the latter that could be problematic....
From VoxEU : Citi Chart In this crisis, the strength of a bank’s balance sheet is of little consequence. What matters is the ...
(more)
Blog Archive » Spot of Swiss
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Financial Collpase Triggers Violent Protests in Iceland
(Obsolete Feed) —
... I guess there aren’t enough video games and trinkets in Iceland’s shops to keep everyone in a consumer coma. Perhaps they just can’t afford the coma. Then again, they might just be paying attention: ...
Storming the Bastille
QandO —
What I’d give to see the same attitude here: Thousands of Icelanders demonstrated in Reykjavik on Saturday demanding the resignation of Prime Minister Geir Haarde and Central Bank Governor David Oddsson for failing to stop a financial meltdown in the country. It was the latest in a series of protests in the capital since the financial meltdown that crippled the island’s economy. Hordur Torfason, a well-known troubadour in Iceland and the main organiser of the protests, said the protests would continue until the ...
Weds. morning links
Maggie's Farm —
... on golf balls? A new edition of Thornton Burgess' animal stories. Classics, for sure. First-ever online spending decline Does Europe really believe in International Law? Only when it suits them The Western $ that flows into Gaza. Chesler. What is it buying? Kudlow: Revive the animal spirits with lower taxes. Related: Wilkinson on Romer The myth of Obama's small donors. The people of Iceland mad at their government Riehl: My biggest fear isn't that these bailouts ...
Iceland Goes Bust
Weekly Standard Blog —
The situation in Iceland has not improved since the county's financial system went into meltdown in October. The krona was refloated on currency markets early this month and has sagged dramatically since then. It now sits at about 177 kr per euro.
And now comes word that the unemployment rate has shot up to 5.4 percent. That may not sound so bad to American ears, but in December 2007, the unemployment rate in Iceland was 0.8.
Expect more riots.
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Iceland agrees $6bn deal with IMF
business.timesonline.co.uk 10/21/2008 — The credit crunch claimed its first sovereign scalp last night as Iceland readied itself to accept an International Monetary Fund (IMF) bailout. The North Atlantic nation is believed to have negotiated a $6 billion ( 3.49 billion) IMF-led rescue ...
The Coming War Between the UK and Iceland
eschatonblog.com 11/2/2008 — Not really, but things are heating up. No one disputes that the economic troubles of Iceland are largely the country's fault. But there may be more to the story, at least in the view of Icelandic government, its citizens and even some outsiders. As ...
Letter from Iceland: A World without Money
paul.kedrosky.com 11/15/2008 — Breakeven Oil Prices in Gulf States | Main Latest Stories November 14, 2008 Letter from Iceland: A World without Money A must-read piece in weekend FT by a writer in Iceland. It is wonderfully written, specific, and filled with context on what it is ...
Report: Iceland to Accept IMF Bailout
calculatedrisk.blogspot.com 10/21/2008 — From The Times: Iceland agrees emergency $6bn deal with IMF The credit crunch claimed its first sovereign scalp last night as Iceland readied itself to accept an International Monetary Fund (IMF) bailout. ... The IMF may provide about $1 billion in ...
Letter from Reykjavík: Lost: Reporting & Essays: The New Yorker
newyorker.com 3/6/2009 — ABSTRACT: LETTER FROM REYJKJAVÍK about the collapse of Iceland’s once-booming economy and the ensuing political turmoil in the country. Writer describes a December, 2008, protest by a few hundred demonstrators in the center of Reykjavík. It was two ...
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