Tag Archives: iceland

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 the late-April elections on a promise of household debt relief. ... Read More »

Snowden seeks asylum in Iceland

Iceland 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 approached him on behalf of Snowden. “On 12 June, I ... Read More »

Iceland denies aid to FBI in WikiLeaks investigation

Wikileaks logo

Iceland refused to cooperate with an FBI investigation into WikiLeaks two years ago. The Icelandic Interior Minister said he ordered police to cease contact with the FBI, and made it clear their presence was not “well-seen” in Iceland. Interior Minister Ogmundur Jonasson informed the AP of his displeasure upon discovering that FBI agents had arrived in the country in August ... Read More »

Only 3 minutes worth listening to from World Economic Forum 2013

World Economic Forum Davos

“Why do we consider banks to be like holy churches?” is the rhetorical question that Iceland’s President Olafur Ragnar Grimsson asks (and answers) in this truly epic three minutes of truthiness from the farce that is the World Economic Forum in Davos. Amid a week of back-slapping and self-congratulatory party-outdoing, as John Aziz notes, the Icelandic President explains why his nation is ... Read More »

Iceland: a silver bullet for the world economic crisis

arrest the bankers

Obama is in Mexico for yet another G20 meeting of the international socialist politburo.  We are told the discussions at the meeting are centered on theEuropean economic crisis. The United States government is set to spend about $2.4 trillion this year.  The mainstream propagandists are telling us that if Spain and Greece fold on their debt, it will wipe out oureconomy.  Spain is in ... Read More »