Tag Archives: iceland

Iceland’s Pirate Party set to win election on Saturday

pirate-party-iceland-election

Iceland’s national election is likely to bring unprecedented results, with a new poll suggesting the Pirate Party will win. Led by a poet and former WikiLeaks activist, it’s running on an anti-corruption campaign against the financial and political elite. An opinion poll conducted by the Social Science Research Institute of …

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Iceland’s Pirate Party polls at 43%

Birgitta Jónsdóttir Pirate party Iceland

The most fascinating and encouraging political movement occurring anywhere on earth at the moment is taking place in the tiny nation of Iceland. No, it has nothing to do with the recent resignation of the country’s Prime Minister after it was discovered via the Panama Papers that he and his wife …

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Iceland citizens to get paid from sale of bank

Iceland flag bankers bank

First, Iceland jailed its crooked bankers for their direct involvement in the financial crisis of 2008. Now, every Icelander will receive a payout for the sale of one of its three largest banks, Íslandsbanki. If Finance Minister Bjarni Benediktsson has his way — and he likely will — Icelanders will be paid kr …

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Iceland jails 26 bankers for a combined 74 years in prison

Iceland arrest the bankers jail

In a move that would make many capitalists’ head explode if it ever happened here, Iceland just sentenced their 26th banker to prison for their part in the 2008 financial collapse. In two separate Icelandic Supreme Court and Reykjavik District Court rulings, five top bankers from Landsbankinn and Kaupping — the two largest banks …

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Iceland to remove power from banks to steal money

Iceland banks Frosti Sigurjonsson

Iceland‘s government is considering a revolutionary monetary proposal – removing the power of commercial banks to create money and handing it to the central bank. The proposal, which would be a turnaround in the history of modern finance, was part of a report written by a lawmaker from the ruling …

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Iceland drops bid to join EU

Iceland

Iceland has dropped its bid to join the European Union, the Foreign Ministry in Reykjavik says. The announcement follows pledges made by the country’s euro-skeptic government since winning the 2013 election. Gunnar Bragi Sveinsson, the Icelandic foreign minister, said in a statement that he had informed Latvia, the current EU …

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Former bank CEO jailed in Iceland for market manipulation

Iceland Landsbanki bank

Sigurjón Þ. Árnason, former CEO of Landsbanki, was sentenced to 12 months in prison by Reykjavík District Court earlier this morning for market manipulation between November 1, 2007 and October 3, 2008. Nine months of the sentence are suspended for two years, visir.is reports. The period which Sigurjón was held in police …

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Iceland sticks it to international bankers and writes off massive mortgage debt

Iceland

Iceland’s government has announced that it will be writing off up to 24,000 euros ($32,600) of every household’s mortgage, fulfilling its election promise, despite overwhelming criticism from international financial institutions. The measure was introduced by the country’s prime minister, Sigmundur David Gunnlaugsson, the leader of the Progressive Party which won …

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Snowden seeks asylum in Iceland

Icelandic flag

Iceland has been informally contacted by an intermediary who stated that NSA leaker, former CIA contractor Edward Snowden, wants asylum in the Nordic island-state, Reuters reports. The difficulty though is that he is not in the country. WikiLeaks spokesman Kristinn Hrafnsson wrote in Icelandic daily Frettabladid that a middleman had …

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