According to a new report released by Statistics Iceland on household finances of Icelanders [PDF link] 10.1% of households were behind on mortgage or rent payments in 2012 and 10.4% of households were in arrears with other loans during the same period. Moreover, in 2012, 48.2% of houses identified as having difficulty making ends meet, with 36% of households unable to cover unexpected expenses that were to arise.
While these figures don’t bode well for the financial health of Icelanders, the statistics point to a slight improvement over the state of households in 2011. More than 50% of households had reported having a difficult or very difficult time making ends meet in 2011. Arrears on mortgage and rent payments have remained stable over the course of 2011 and 2012, but arrears on other loans have decreased year-over-year. Single parents are more likely than other household types to be experiencing financial difficulties. Comparing single-person households, single men are more likely to be in arrears than a household run by a single woman. The study was conducted by a survey of 3,091 households around Iceland over a three-month period of March through May 2012.
Holuhraun is the best possible location for an eruption, geophysicist Magnús Tumi Guðmundsson has told RÚV. Although the magma flow from Holuhraun is considerable and steady, Magnús Tumi does not feel it qualifies as a large eruption. New data indicates that approximately 250 cubic metres of magma is spewing out of the fissure each second. According to Magnús Tumi, the current Holuhraun eruption is completely different to the Eyjafjallajökull eruption of 2010. Given that the Holuhraun eruption is entirely above ground and a mainly basalt eruption it is producing no disruptive ash. The Eyjafjalljökull eruption on the other hand was
The Holuhraun eruption, which began again yesterday with magma plumes as high as 60 metres, is going strong and might see out the year, reports RÚV. “The eruption is comparable to the one we saw from Krafla [in 1975],” said volcanologist Ármann Höskuldsson. “At first there was just a tiny eruption then the eruptions got gradually larger as time passed. It’s possible that this event will last until the end of the year, possibly into some of next year as well.” Seismic activity continues at Vatnajökull though none topped 4.9 on the Richter scale yesterday, presumably because the eruption has alleviated some
The Faroese fishing vessel Næraberg may have been snubbed by authorities, but other Icelanders are helping the beleagured ship in any way they can. RÚV reports that Minister of Fisheries Sigurður Ingi Jóhannsson has called the treatment of the Faroese mackerel fishing vessel Næraberg to be based on “a misunderstanding” on why the snub occurred. As reported, the ship, whose engine was badly in need of repair as it departed from Greenland for home, called upon Icelandic authorities to dock and conduct repairs. However, the crew were informed they could dock in Reykjavík Harbour, but would not be permitted to
An eruption has commenced at Holuhraun again, replete with magma plumes some 60 metres tall. RÚV reports that an eruption has re-opened at Holuhraun, just north of Vatnjökull, which began in the early morning hours. As can be seen, this is a lava eruption, and plumes of magma are reportedly reaching heights of up to 60 metres. This eruption is at the same location as the one which began last Friday, and continued for a few hours, only this time the eruption is 10 to 20 times bigger, volcanologist Ármann Höskuldsson told reporters. The southernmost point of the eruption begins
A new poll from Fréttablaðið and Stöð 2 shows about two-thirds of respondents want Interior Minister Hanna Banna Kristjánsdóttir to resign, and trust in her – as well as the government in general – is remarkably low. According to the poll, Vísir reports, which asked respondents if they believe Hanna Birna should resign, 67% of those who had an opinion said they believe she should. When the answers are taken as a whole, 21% were undecided, 26% said she should not resign, and 53% said she should resign. Taken by party affiliation, 45% of Independence Party voters (the party from
A damaged Faroese fishing ship was intially refused service in Reykjavík Harbour. That situation changed after protests from Faroese and Icelanders alike. Vísir reports that the Faroese mackerel fishing boat Næraberg experienced severe engine trouble on their way from fishing stocks in Greenland waters last Thursday. This prompted the captain to put in a request to Reykjavík Harbour, the closest port of call, in order to conduct repairs. However, the answer they received was that they were welcome to dock in Reykjavík harbour, but the crew would not be permitted to disembark, nor would they receive food, drinking water or