The Reykjavík Grapevine


debt relief

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  • Iceland PM Accused Of Eating Cake Again

    Iceland PM Accused Of Eating Cake Again

    Irate members of parliament protested the absence of Iceland’s Prime Minister yesterday when he departed during the open questions portion of parliament, just as he was being quizzed about Icelandic Index Linked Mortgages, reports Vísir. During yesterday’s open questions, Árni Páll Árnason,…

  • UN Expert Suggests Debt Relief For Renters

    UN Expert Suggests Debt Relief For Renters

    Correction: This story’s headline was corrected after its publication. See note at the end of this post for further information. On Monday, UN Independent Expert Juan Pablo Bohoslavksy ended his week-long fact-finding mission to Iceland on the effects of the 2008 economic…

  • Nation Divided Over Debt Relief Package

    Nation Divided Over Debt Relief Package

    With the government’s debt relief package only days old, the response from the public has been decidedly underwhelming. According to a new poll conducted by Fréttablaðið, 41% said they were satisfied with the government’s new debt relief package, 32% were unsatisfied, 22%…

  • Debt-Relief Bullshit

    Debt-Relief Bullshit

    Today, I am furious. Utterly furious. Everyone that supported the government’s so-called “debt relief” plan, and then made money from said “debt relief” plan, I want to tell you this: Today, you stole money from other people, including myself. If you dislike…

  • This Is The Correction

    This Is The Correction

    At a press conference on Monday, ministers introduced the implementation of the Government’s upcoming debt relief measures for house-owners. Regarding the measures, the government’s policy platform has stated that through “specifically directed actions, the government will address the debt problem of Icelandic…

  • What About The Renters?

    What About The Renters?

    A city councilperson has pointed out that the government’s giant debt relief package is aimed at homeowners – not renters, who are often worse off financially than homeowners. Today, Prime Minister Sigmundur Davíð Gunnlaugsson and Finance Minister Bjarni Benediktsson revealed the details…

  • Debt Relief Press Conference — Live Blog

    Debt Relief Press Conference — Live Blog

    Before: Press conference should start at 13.30 local time. Live broadcast here. We’re gonna follow the events – you’ll see what follows appear below, in reverse order, that is newest posts will be on top. This is all very lo-fi, so please…

  • PM To Reveal House-Owners’ Debt Relief Today — At 13h30

    PM To Reveal House-Owners’ Debt Relief Today — At 13h30

    Later today, Prime Minister Sigmundur Davíð Gunnlaugsson is expected to announce the precise implementation of his government’s dept relief plan for households in possession of real estate. The highly disputed plans were the Progressive party’s biggest promise in the advent of last…

  • Debt Relief Package Might Fall Short

    Debt Relief Package Might Fall Short

    There might not be enough money to finance the household debt relief package the Progressive Party promised voters during election season. Tryggvi Þór Herbertsson, a former Independence Party MP in charge with coordinating the debt relief project, told RÚV that things are…