BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Icelanders Overwhelmingly Reject Icesave Repayment Deal]]>http://www.bloggingstocks.com/2010/03/07/icelanders-overwhelmingly-reject-icesave-repayment-deal/http://www.bloggingstocks.com/2010/03/07/icelanders-overwhelmingly-reject-icesave-repayment-deal/http://www.bloggingstocks.com/2010/03/07/icelanders-overwhelmingly-reject-icesave-repayment-deal/#commentsFiled under: , ,

The sequence of events in Iceland goes something like this. First, we have the online arm of Reykjavik Landsbanki, (known as Icesave). During the freewheeling heyday before the world financial meltdown, Iceland offered higher interest rates, which drew investors from all over the world. Some 400,000 British and Dutch investors put their money in Iceland's banks. Iceland's banking system collapsed, bringing down most of its banks, including Icesave.

The British and Dutch depositors were insured through each country's bank deposit guarantee after Icesave collapsed in October 2008 The two governments are now seeking to reclaim the money from Icesave. The amount is 3.9 billion euros.

Continue reading Icelanders Overwhelmingly Reject Icesave Repayment Deal

Icelanders Overwhelmingly Reject Icesave Repayment Deal originally appeared on BloggingStocks on Sun, 07 Mar 2010 14:10:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>IcesaveJohanna SigurdardottirSun, 07 Mar 2010 14:10:00 EST<![CDATA[Faced with economic disaster, Icelanders could care less that their prime minister is gay]]>http://www.bloggingstocks.com/2009/01/29/faced-with-economic-disaster-icelanders-could-care-less-that-t/http://www.bloggingstocks.com/2009/01/29/faced-with-economic-disaster-icelanders-could-care-less-that-t/http://www.bloggingstocks.com/2009/01/29/faced-with-economic-disaster-icelanders-could-care-less-that-t/#commentsFiled under: , ,

Perhaps no economy in the world is in such disastrous shape as Iceland. Last year, the weight of the global financial crisis crushed this island nation causing its banking system to implode, its currency to collapse and its unemployment rate to soar.

This is quite a reversal for the country founded circa 874 AD. The United Nations' Human Development Index ranked Iceland as the world's most developed country. Maybe that was the result of the reckless abandon shown in running the country's banks.

Continue reading Faced with economic disaster, Icelanders could care less that their prime minister is gay

Faced with economic disaster, Icelanders could care less that their prime minister is gay originally appeared on BloggingStocks on Thu, 29 Jan 2009 18:15:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>eueuropegayicelandinthenewsJohanna SigurdardottirJohannaSigurdardottirThu, 29 Jan 2009 18:15:00 EST