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Iceland News

Iceland £50m meeting 'positive' (BBC News)
Wed, 19 Nov 2008 09:35:39 GMT
A visit to Iceland by finance chiefs from Kent County Council (KCC) to secure £50m invested in collapsed banks is described as "positive".

Iceland £50m meeting 'positive' (BBC News)
Wed, 19 Nov 2008 09:23:23 GMT
A visit to Iceland by Kent County Council to secure £50m invested in collapsed banks is "positive".

Iceland Says Secured $3 Billion In Aid; Sees Krona Refloat By Year-End (Nasdaq)
Wed, 19 Nov 2008 11:31:26 GMT
The International Monetary Fund is expected to approve Iceland's $2.1 billion rescue package later Wednesday, as the government says it's secured $3 billion in additional aid and expects to refloat its currency by next year.

Iceland braced for big bond sell-off (Financial Times)
Wed, 19 Nov 2008 01:02:55 GMT
Iceland is braced for the second wave of a financial crisis that has already destroyed its banks, as foreign owners of billions of dollars of Icelandic bonds dump them as soon as the country refloats its currency.

Eirikur Bergmann: The UK is blocking Iceland's application to the IMF, but why won't it let the the European court of ... (Guardian Unlimited)
Tue, 18 Nov 2008 14:36:27 GMT
Eirikur Bergmann: The UK is blocking Iceland's application to the IMF, but why won't it let the the European court of justice settle the dispute?

Iceland moves to secure $6BN in loans (CNN)
Mon, 17 Nov 2008 17:18:50 GMT
LONDON (AP) -- Iceland moved to secure $6 billion in loans to refloat its collapsed financial system as Britain said Monday it would welcome a government promise to guarantee its citizens' deposits in collapsed Internet bank Icesave.

Britain, like Iceland, in big trouble (International Herald Tribune)
Mon, 17 Nov 2008 19:26:35 GMT
Britain is starting to look like Iceland, the island state brought down when foreigners lost trust in the government's ability to bail out a banking system with huge foreign currency debt at a time when the country was running a big trade deficit.

Concession by Iceland Clears Path for I.M.F. Aid (New York Times)
Mon, 17 Nov 2008 11:53:05 GMT
Iceland said Sunday that it had agreed to cover European depositors at failed banks, breaking an impasse that had held up the dispersal of billions of dollars in international aid, writes The New York Times’ David Jolly.

Iceland guarantees some deposits to secure loan (AP via Yahoo! News)
Mon, 17 Nov 2008 11:04:04 GMT
The British government said Monday it would welcome the Icelandic government guaranteeing British savers' deposits in collapsed internet bank Icesave, while Iceland said its plan to reimburse up to euro21,000 ($26,600) per depositor would help clear the way for an agreed $2.1 billion loan from the International Monetary Fund.

Dive right in: Fish dishes from Iceland (MSNBC)
Tue, 18 Nov 2008 16:46:12 GMT
Want to add some international dishes to your dinners? Try Volundur Volundarson's savory seafood dishes. Iceland's most famous chef and author of "Delicious Iceland" is sharing his three unique recipes for light beer steamed mussels, fresh scallop ceviche and grilled monk fish.

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