RSS FeedsInside Look - Iceland’s Credit Crisis - Bloomberg
September 13th, 2009
IMF Provided $10 Billion Rescue for Iceland’s Economy - Interview with Gylfi Magnusson, Iceland’s Minister of Business Affairs (Bloomberg News)
Duration : 0:5:25
Personal Internet Banking
Personal Internet Banking
September 13th, 2009
Thats cause we got …
Thats cause we got a letter “Þ” that is basicly just “Th” just with the perfect sound
September 13th, 2009
Thats what happens. …
Thats what happens….. capitalism is not the final answer….go basic income for everyone….
September 13th, 2009
don’t we have the …
don’t we have the majority of the IMF funds?
what the ? Why are we bailing out everybody?
September 13th, 2009
icelandic people …
icelandic people have the best english accents because only icelandic and english have the TH sound
September 13th, 2009
It’s no wonder why …
It’s no wonder why they had one of the highest interest rates for savings accounts
September 13th, 2009
three scroll bars? …
three scroll bars? THREE!? oh come on now
September 13th, 2009
how could that help …
how could that help?
besides iceland uses money like a 300kg fatso uses bacon and sugar
September 13th, 2009
My country can help …
My country can help, we use money as toilet paper!
September 13th, 2009
we Icelanders are …
we Icelanders are the best ahha
September 13th, 2009
we will survive …
we will survive this. We are strong Vikings and we won´t give in…
September 13th, 2009
Its also worth …
Its also worth noting that the major american banks were able to pay back their debts and post profits on a near zero interest rate from the fed at the same time that the us government was given the green light to go on a massive stimulus in the form of social programs . Iceland on the other hand will have to raise interests , cut social spending and privatize all the rest to pay back the “good” people at the IMF. I guess it help to have friends in high places.
Its a shame, I love Iceland.
September 13th, 2009
Denmark please come …
Denmark please come to help us !!!
September 13th, 2009
guilty magnússon lol
guilty magnússon lol
September 13th, 2009
I probably should …
I probably should add that while Iceland’s problems were triggered by the GFC like everyone else, their problems were entirely different from those of the US. Not even vaguely similar. It’s an extremely interesting case which was written up in The New Yorker in early March. Basically a bunch of idiotic libertarian ideologues decided that Iceland could be a major world player with no thought for what could happen if it all went sour. Interest rates and foreign exchange did the damage.
September 13th, 2009
Not even close Mr …
Not even close Mr LiveForTheRevolucion. Iceland’s banks are about 9 times the size of the national economy. Their debts are probably not recoverable. They had to nationalise the banks so they could be eligible for IMF funding (a poisoned chalice if ever there was one). One of your banks - Goldman Sachs - has already paid back 50% of its loan. Your government never intended to hang on to the banks in perpetuity. Just until some of the mess was sorted out.
September 13th, 2009
Well done Gylfi
Well done Gylfi
September 13th, 2009
IMF= global loan …
IMF= global loan shark.
Give you a $10 billion dollar “rescue” and then rape the country (by force) of all natural resources and minerals, housing, welfare systems and anything the corporates havent got already. The only sustainable solution is for the people to have land on which to grow food and live independently. Anyone who should wish to live as a slave in the pen should be free to do so. PEACE
September 13th, 2009
Nationilzed banks; …
Nationilzed banks; sound familer there taking the us down just like iceland