Iceland PM says debt could be written off this year
Iceland Prime Minister Sigmundur Gunnlaugsson has said that his country could strike an agreement with its foreign creditors to write off its debt bef...
Pressure mounts to ditch capital controls
The incoming government of Iceland is speculated to ease and remove currency controls before the market becomes too distorted, reports Bloomberg.
Swedes pay less tax than others
Sweden has long been considered one of the most taxed countries in the world, but the middle class in at least 19 other countries pay more of their in...
President of Iceland calls for scrutiny of economic failure at Global Leadership Summit 2013 in London
The President of Iceland, Ólafur Ragnar Grímsson has called for transparent scrutiny of the fundamental economic failures amongst European institution...
Central bank starts buying forex
In preparation for the unwinding of capital controls that have been in place since the 2008 banking collapse, Iceland’s central bank has started selli...
Overseas creditors might have to accept losses
Foreign bondholders hoping to recoup their full investments in Iceland’s three collapsed banks will be eyeing the new government nervously. Anti-auste...
Swede’s faith in Euro hits rock bottom
Troubles in Europe with the single currency have left a crisis of confidence as other European nations lose faith in ever adopting it as a currency. I...
Risk in removing Iceland’s capital controls
Capital controls introduced in the wake of the 2008 financial crisis are becoming increasingly difficult remove due to the swelling amount of money he...