meltdown
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Kælan Mikla And More Announced For Robert Smith’s Meltdown
Kælan Mikla have been announced as part of Robert Smith’s Meltdown Festival. Held at the Southbank Centre in London June 15th-24th, the event is this time curated by The Cure’s legendary frontman, who’ll also perform. Kælan Mikla aren’t the only Icelandic band…
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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…
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The Trouble With Sustainable Outrage
The trouble with staying angry enough to drive change is that it’s exhausting and you bore everyone. If you don’t believe me, just ask a social worker. Last week, when Foreign Minister Gunnar Bragi Sveinsson informed the EU via a letter that Iceland…
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Convicted Icelandic Banker Seemingly Drunk On National TV
Recently convicted banker, former chairman of the Kaupthing board, Sigurður Einarsson, conducted an interview with RÚV last night, while seemingly heavily intoxicated. An unnamed RÚV source who was present when the interview was broadcast has confirmed with the Grapevine that newsroom staff…
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Last McDonald’s Burger Sold In Iceland Unchanged After 6 Years
The last cheeseburger sold in Iceland in 2009 remains unchanged after 6 years, reports MBL.is. The only notable difference seems to be that the meat patty is a slightly lighter colour than before. A year after the economic meltdown in Iceland, McDonald’s…
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Geir Haarde Lands Washington D.C Ambassadorial Post
Former Prime Minister of Iceland, Geir H. Haarde, has landed a pivotal ambassadorial post in Washington D.C, reports RÚV. Geir is most known for being prime minister during Iceland’s 2008 economic meltdown. In 2010, parliament voted in favour of Geir standing trial…
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Creditors Closer To Pay Out
The outlook for hedge funds caught in Iceland’s $85 billion banking failure may be looking up, reports Bloomberg. The administrators overseeing claims against one of the three banks that defaulted in 2008, Glitnir Bank hf, say recent talks with a government committee…