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Iceland's financial position has steadily improved since the crash. The economic contraction and rise in unemployment appear to have been arrested by late 2010 and with growth under way in mid-2011. [249] Four main factors have been important in this regard. First is the emergency legislation passed by the Icelandic parliament in October 2008.
Maybe I Should Have: Frásögn af efnahagsundrinu Íslandi ('The Story of the Economic Wonder, Iceland') is an Icelandic documentary film directed by Gunnar Sigurðsson about the causes and effects of the 2008–2012 Icelandic financial crisis.
Headquarters of the three banks that collapsed in the autumn of 2008. The following is a timeline of the Icelandic financial crisis which began in earnest in mid September 2008. The combined assets of the three largest Icelandic banks amounted to ten times the country's total gross domestic product (GDP) at the time of their collapse.
What happened in Iceland isn't pretty. A month ago, it was one of Europe's richest countries: clean, efficient, thoroughly civilized, and living well. Then, suddenly, as international markets ...
Guð blessi Ísland ('God bless Iceland') is the sentence with which the Icelandic Prime Minister Geir Haarde ended his television broadcast to the Icelandic nation on 6 October 2008, shortly after the beginning of the 2008–11 Icelandic financial crisis. The speech described the perilous state of the Icelandic banking sector and some of the ...
The report was performed in a non-stop, 146-hour reading by the Reykjavik City Theatre from April 12–18, 2010. [10]The report was turned into a 'computerized textual mash-up ... resulting in a 65 page long poem' called Gengismunur (“Arbitrage”) by Jón Örn Loðmfjörð; in the assessment of Eiríkur Örn Norðdahl, the poem 'deals with and represents the banality (and hilarity) of the ...
October 21 - Iceland's Kaupthing Bank fails to pay interest to its 50-billion-yen (US$493 million) bondholders in Japan. October 29 - Danish -based low-cost carrier Sterling Airlines files for bankruptcy and stops all passenger flights after its cash-strapped Icelandic investors were unable keep the company afloat.
Once the Icesave dispute had got underway, it became clear that there had been several high-level contacts between the British and Icelandic governments in the weeks (and even months) before Landsbanki's collapse. On 12 February 2008, at an International meeting in London, the Central Bank of Iceland (CBI) received the first warning sign by ...