Earthquake Rocks Southwest Iceland
Region: IcelandAn 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, meas... more
Views: 1459All banks have collapsed in Iceland
Region: IcelandThe 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 ow... more
Views: 1127Icelandic Central Bank Governors Fired by Parliament
Region: IcelandThe Icelandic parliament has passed a government bill which makes it possible to fire the two last standing governors of the Icelandic Central Bank (ICB). This is huge milestone in the efforts of the country to make ... more
Views: 1189Need for help increases 150% in one year
Region: IcelandNewly published numbers of people in desperade need for help, both financial and food help, from relief agencies and institutions like the Icelandic Church Aid have increased 150% since the same time last year.... more
Views: 873CBI governor says no to PM of Iceland
Region: IcelandThe 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 p... more
Views: 1030Iceland's Power Struggle
Region: IcelandThe 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 reque... more
Views: 1073Red Cross Opens Emergency Center in Iceland
Region: IcelandThe Red Cross in Iceland has opened a emergency center because of the economy crisis in Iceland. There will be offered physiology support, counseling and education to assist people to cope with the changed economy situatio... more
Views: 1163Huge increase in unemployment rate
Region: IcelandIceland has always been country with low unemployment rate and since 1980 the highest unemployment rate was about 5% in 1995. But that is now changing rapidly because of the collapse of Iceland's financial system and... more
Views: 1269Forming of a new government in Iceland
Region: IcelandAs 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 le... more
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Member Since: November 2008
Location: Iceland
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