Iceland financial crisis

News

Iceland and Greenland Discuss Adopting the Canadian Dollar as National Currency

May 16, 2012
bankruptcy
Canada
Canadian Dollar
Currency
Europe
fiscal stability
Greenland
Heidar Gudjonsson
Iceland
Iceland bankruptcy
Iceland financial crisis
Icelandic bankruptcy
Krona
loonie
monetary policy
Monetary Union
Norway
Progressives
seignorage
Social Democrats

The economic downturn has claimed many victims: individual citizens, corporations, countries and potentially entire monetary unions (such as Greece in the euro). Iceland is no stranger to economic hardship, becoming the first nation to declare sovereign bankruptcy in years when it did so in 2008. In order to jumpstart the economy, use of the loonie […]

News

Former Icelandic Prime Minister Geir Haarde on Trial over Charges of Negligence in the 2008 Financial Crisis

March 10, 2012
Business & Finance
Corruption
Europe
Gordon Brown
Iceland
Iceland bankruptcy
Iceland financial crisis
IceSave
Independence Party
Krona
Landsbanki
negligence
Prime Minister Geir Haarde
Reykjavik
sovereign bankruptcy
United Kingdom

Iceland’s former Prime Minister Geir Haarde is the first world leader to be brought to trial for his handling of the 2008 financial crisis that bankrupted Iceland and saw the collapse of the country’s three largest banks. Geir Haarde’s response to the serious charges levied against him in Reykjavik are that he is the victim […]