Icelandic bankruptcy

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 […]

Chinese Businessman Wants to Purchase Large Chunk of Iceland.

November 24, 2011
Akureyri
Arctic Circle
China's Ministry of Construction
Chinese developer
Europe
Huang Nubo
Iceland
Iceland Prime Minister
Icelandic bankruptcy
Johanna Sigurdardottir
Shipping Lanes
Zhongkun Group

A wealthy Chinese developer has made a bid on a tract of land in Akureyri, Iceland, with such amenable features as mud pools and molten lava fields. Huang Nubo is a former Chinese government official whose claims of wanting to develop a resort have come under scrutiny by Iceland’s Interior Ministry. Some more conspiratorially minded […]