Category Archives: Iceland

Big Icelandic Banks Were Public Banks … Which Were Privatized FOR FREE Shortly Before They Tanked

Washington’s blog reports: Jonsdottir explained that Iceland’s banks grew to 5-7 times the size of the country’s GDP during the county’s brief bubble after privatization. And the Icelandic parliament – in a fact-finding report – later found that the bankers … Continue reading

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EU budget fraud may be more than £4BILLION which is 12 times higher than previous figure

Dailymail reports: The European Union is being defrauded of more than £4billion a year – 12 times official estimates – a damning parliamentary report claims. Agriculture subsidies, payments for projects in the poorest countries, bribery, corruption and cigarette smuggling are … Continue reading

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If Cyprus Is the Bellwether, then Canada Is the Red Flag

Activist Post reports: “The Government proposes to implement a bail-in regime for systemically important banks. This regime will be designed to ensure that, in the unlikely event that a systemically important bank depletes its capital, the bank can be recapitalized … Continue reading

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Iceland cleared of all claims in Icesave dispute

Icenews reports: This morning at a hearing in Luxembourg, the EFTA Court rejected all claims made by the EFTA Surveillance Authority against the Icelandic state in the Icesave dispute. The EFTA Court ruled that Iceland should not be declared in … Continue reading

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Icelandic Pirate Party founded reports: The party platform has a distinct “fight the man” vibe, and both Smári and Herbert laugh and shake their heads when I ask if either of them consider themselves politicians. Both expressed frustration with the political system, saying … Continue reading

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