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Iceland Economy - Page 2

Iceland's loud "No"

The people of Iceland have now twice voted not to repay international debts incurred by banks, and bankers, for which the whole island is being held responsible. With the present turmoil in European capitals, could this be the way forward for other economies? Ref. Source 6

Economy Iceland

A Lesson from Iceland

In Iceland, the people has made the government resign, the primary banks have been nationalized, it was decided to not pay the debt that these created with Great Britain and Holland due to their bad financial politics and a public assembly has been created to rewrite the constitution. Ref. Source 9

Iceland Economy History & Civil Business Politics

Iceland economy grows at fastest pace in four years:

Iceland's economy expanded in the first quarter at its fastest pace since its near-meltdown, powered by a surge in exports, tourism and domestic consumption. Ref. Source 2

Page 2 Economy Iceland

Iceland Court Sentences Ex-Byr Savings Executives to Jail:

Byr Savings Bank former Chairman Jon Thorsteinn Jonsson and the lender's ex-Chief Executive Officer Ragnar Zophonias Gudjonsson were today found guilty of fraud and sentenced to four and half years in prison by Iceland's Supreme Court. Ref. Source 7

Economy Iceland

Iceland's Economy now growing faster than the U.S. And EU after arresting corrupt bankers:

So Iceland decided not to follow the rest of the world by bailing out the bankers. Instead, they chose to arrest them. Now their economy is recovering faster than the EU and the United States. Ref. Source 1

Iceland Economy

Executives at collapsed Iceland bank jailed for fraud:

Two former executives at an Icelandic bank which collapsed in the 2008 financial meltdown were sentenced to jail on Friday for fraud which led to a 53 million euro loss, in the first major trial of Icelandic bankers linked to the crisis. Ref. Source 3

Iceland Economy - Page 2

Iceland becomes first country to legalise equal pay. Iceland legalises equal pay between men and women in a world first. Source 8n.