Iceland

Missing Icelandic gambler may have been murdered for losing another man’s cash in Dublin: Informant

Missing Icelandic gambler may have been murdered for losing another man’s cash in Dublin: Informant

The Icelandic man who had vanished in broad daylight at the Dublin Poker Festival in February last year was probably murdered following an argument over the loss of another person’s money in a high

Lawmakers Blame Former Government For Banking Crisis

On Saturday, a parliamentary commission blamed Geir Haarde, Prime Minister of Iceland and three other ministers, for their carelessness that gave birth to banking and financial meltdown in 2008 in the country.

The allegations have been made by Special Investigation Commission (SIC) run on ad hoc basis. He criticized the former Government headed by Haarde and former Finance Minister, Arni M. Mathiessen, ex-Commerce Minister, Bjoergvin G. Sigurdsson and former Foreign Minister, Solrun Gisladottir for their negligence that landed three banks of the country to collapse in 2008.

Young Talent –Amazing Record

A juvenile talented photographer and videographer has created a new video based on time delayed photos, taken over a 48 hour period in Iceland. The result is an amazing display of the flair of this ingenious artist at work providing a vision like no other.

Videographer Sean Stiegemier set up his cameras in Iceland at Eyjafjallajökull - May 1st and 2nd, 2010 and recorded an amazing collection of photos in a time delayed montage of continued volcanic activity.

UK offers flexibility after Iceland votes No

The United Kingdom has offered more flexibility to reach a deal with the government of Iceland for about £2.3 billion that the island nation owed it since the collapse of the online savings bank Icesave.

Chancellor, Alistair Darling has said that Britain is "prepared to be flexible" even as the people in Iceland overwhelmingly voted 'NO' in a referendum to decide the deal in which the country will pay its debt.

Iceland votes on debt payments to UK, Netherlands

People in Iceland are getting ready to vote on the proposal to use £3.5 billion of taxpayers' money to pay Britain and the Netherlands.

The payments are to be made because governments in those countries had to bail out their citizens who lost their deposits when the banks in the nation collapsed during the financial crisis.

Honor the repayment deal: UK to Iceland

UK chancellor Alistair Darling advised Iceland to repay the money lost in a failed Icelandic bank for making the things run smooth for the nation. The move assumes significance as Olafur Ragnar Grimsson, Iceland President is likely to decide on the reimbursement of nearly €4bn lost by British and Dutch savers in Icesave, in a short time.

Iceland's government has been facing stiff opposition from the public for the repayment but the move is necessary for securing support from the International Monetary Fund (IMF) and maintaining its credibility in the market.