Iceland keeps shaking with earthquakes

Breaking Tweets 5 months ago Region: Iceland

Per Ice News, Iceland has had “438 earthquakes” in 48 hours, mostly small tremors and aftershocks but still an enormous amount of seismic activity. The most notable earthquake registered at 6.1 on the Richter Scale, per BBC. Twitterers in Iceland documented a number of quakes at different times in the last 24 hours: hafnfjord (Iceland) Earthquake in Iceland, about 5 on the Richter scal... more

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Earthquake Rocks Southwest Iceland

Stefan Kristinsson 5 months ago Region: Iceland

An earthquake with a magnitude of 4.9 points on Richter scale hit the Southwest part of Iceland at 21:33 GMT on the 29th of May 2009.  Exactly a year earlier a big earthquake hit the southern part of the country, measuring 6.8 on the Richter scale and destroying about 40 houses but fortunately without human casualties. This earthquake yesterday seems to have been the climax of a series of earthquakes which starte... more

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All banks have collapsed in Iceland

Stefan Kristinsson 8 months ago Region: Iceland

The government of Iceland announced yesterday that the banks which where last standing has collapsed and have now been took over by the government.  So the situation is now like in the 80's when all the banks where owned by the government.  The good news is that now is nothing left which can collapse so we must be on rock bottom right now. There are now about 20 thousand people without jobs in Iceland and un... more

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'When It Was Blue' - A 16mm Masterpiece

Avery Hudson 8 months ago Region: Iceland

When It Was Blue (Jennifer Reeves, USA/Iceland) (European Premiere, special screening) Berlinale Forum, Friday, 13 February Read the Forum synopsis Paradoxically mournful and optimistic about the state of our planet and the 16mm medium, this triumph of handmade film, film score, live music, and skilled projection can be presented only at a few venues. I was fortunate to be in the audience at Delphi Filmpalast, and w... more

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CBI governor says no to PM of Iceland

Stefan Kristinsson 9 months ago Region: Iceland

The head governor,  Davíð Oddsson,  of the Central Bank of Iceland has written letter to the prime minister of Iceland where he denies the prime minister request that the governor steps down from his position in the central bank. No one in Icelandic history has been charged and put to jail for treason but people in Iceland are starting to talk about charging the head governor for exactly that beca... more

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Iceland's Power Struggle

Stefan Kristinsson 9 months ago Region: Iceland

  The prime minister of Iceland has written a letter to the three governors of the Central Bank of Iceland with the request that they  resign before the 5th of February. One of the governors agreed to the request and has resigned from his post but the other two are still in their positions. Other of those two, Davíð Oddsson, hasn't even send the PM reply. The government is passing a bill thro... more

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Forming of a new government in Iceland

Stefan Kristinsson 9 months ago Region: Iceland

As the government resigned yesterday it's clear that the protests of past 16 weeks has payed off and specially the past week where there were constant protests everywhere in Reykjavík. Today the protests have at least paused while the situation on the political scene is uncertain. They will however keep going after some certainty is reached about what government will be formed. The most likely government form... more

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Icelandic Government Resigns!

Stefan Kristinsson 9 months ago Region: Iceland

The Icelandic government has resigned from power but did not take the chairman and the board of directors of the Icelandic Central Bank with it. The chairmen of the political parties in Iceland are now talking together and see if it's possible to form a national government which would consists of members of all parties.  In my oppinion that is not likely to happen though and we will probably get government consis... more

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Iceland Ministers Resign Following Protests

Stefan Kristinsson 9 months ago Region: Iceland

Today it was announced that the minister of commerce and banking have resigned as well as the chairman of the Icelandic Financial Supervisory Authority (FME) along with board of directors! It's obvious that protests and riots past 16 weeks are finally starting to pay off and the power clan is finally started to break down.  However,  this is just the start and if the power clan thinks that this is enough - t... more

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Riots Hit Iceland as Economy Flounders

Stefan Kristinsson 10 months ago Region: Iceland

Since the Icelandic financial and economy meltdown about 100 days ago the public in Iceland has been increasingly disappointed and angry.  The government of Iceland has done next to nothing to help the families in the country which are battling with price-index based mortages which have skyrocketed because of high inflation caused by the fall of the Icelandic krona (ISK) of more than 100% against the dollar and th... more

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