economic crash
Most read
Latest
-
Court Fines Bankers Over 5 Billion For Fraud
Reykjavík District Court ordered former Milestone investment bankers to pay a 5.2 billion ISK fine yesterday and sentenced them to prison for breach of trust, distorting financial statements and cooking the books, reports RÚV. Brothers Karl and Steingrímur Wernersson, who owned the…
-
Money Never Trickles Anywhere But Up: Seven Years in Iceland
Iceland has changed a lot since I moved here just over seven years ago. The scary part is what has stayed the same. I moved to Iceland from the U.S. just over seven years ago, in late August of 2008. George Bush was…
-
Iceland’s Showdown With Creditors Arrives
The Icelandic government will tell hedge funds and other creditors in its failed banks how their claims can be settled this week, reports Bloomberg. The government has reportedly designed a model to protect the ISK from any instability that might result from…
-
Child Poverty In Iceland Tripled 2008-2012
Poverty among children has increased more in Iceland than anywhere else in recent years, according to a new report from UNICEF, “Children of the Recession: the impact of the economic crisis on child well-being in rich countries”. Child poverty in Iceland almost…
-
Iceland Prepares To Phase Out Capital Controls
Iceland is planning to sell six-year euro-denominated bonds in a push to ease the capital controls that have been in place since the economic collapse of 2008. According to Bloomberg, the government hired Barclays Plc, Citigroup Inc., Deutsche Bank AG and JPMorgan Chase…
-
Life In Perspective: Five Years After The Crash
Our last issue was all about the Icelandic economic collapse. We traced the effects of The Collapse And Beyond, examined The Secret History Of The Collapse, and featured a Total Banking Collapse Timeline. We reached out to two people used to being…