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Banks on Ice - The Progress Report The Progress Report--They speculated that -Iceland's- government would cover the bank's losses. Money poured into -Iceland- to get the high interest. The inflow of money overvalued -Iceland's- currency, the -krona-. -Iceland- has since then - Date : Mon, 23 May 2011 05:27:39 GMT+00:00 |
City Diary: Cold comfort as Landsbanki share seller goes to jail - Telegraph.co.uk Telegraph.co.uk--Gudlaugsson was also ordered to repay the 192m -Icelandic krona- he collected from the sale (it's just £1m in today's money but would have been worth a whole lot more before the crisis). Lord Green, the trade minister and forme - Date : Fri, 08 Apr 2011 09:47:05 GMT+00:00 |
Why Iceland Voted "No" - truthout truthout--But how is -Iceland- to obtain the pounds sterling and Euros in the face of its shrinking economy? This is the major payment risk that is still unaddressed. It threatens to plunge the -krona's- exchange rate. The settlement proposal did low - Date : Fri, 15 Apr 2011 13:50:00 GMT+00:00 |
CLEARWATER REPORTS FOURTH QUARTER AND ANNUAL 2010 RESULTS - Stockhouse Stockhouse--The proceeds of this refinancing were used to repay and cancel all the -Icelandic Krona- denominated debt facilities and provide working capital for ongoing corporate needs. This refinancing resulted in a number of benefits for Clearwater incl - Date : Tue, 29 Mar 2011 11:19:13 GMT+00:00 |
A Balanced Budget Amendment: A family value - Washington Examiner (blog) Washington Examiner (blog)--We saw this with -Iceland's Krona-; it was literally crushed by Iceland's debt, which impoverished millions overnight. Higher interest rates make home ownership impossible except for the wealthy. Higher inflation make - Date : Tue, 05 Apr 2011 16:54:56 GMT+00:00 |
Iceland broke the rules and got away with it - Guardian Unlimited: Comment is free Guardian Unlimited: Comment is free--First, it let the banks go under: foreign financiers who had lent to Reykjavik institutions at their own risk didn't get a single -krona- back. Second, officials imposed capital controls, making it harder for hot- - Date : Tue, 12 Apr 2011 06:01:02 GMT+00:00 |
CLEARWATER REPORTS FOURTH QUARTER AND ANNUAL 2010 RESULTS - CNW Group (press release) CNW Group (press release)--The proceeds of this refinancing were used to repay and cancel all the -Icelandic Krona- denominated debt facilities and provide working capital for ongoing corporate needs. This refinancing resulted in a number of benefits for - Date : Tue, 29 Mar 2011 11:07:10 GMT+00:00 |
Iceland split over aluminum's role in future - Bellingham Herald Bellingham Herald--Housing prices soared; so did the value of the currency, the -krona-. The banks became so over-leveraged that their liabilities equaled 10 times the entire country's GDP. When the global financial meltdown hit in late 2008, the -Ic - Date : Thu, 31 Mar 2011 21:13:32 GMT+00:00 |
Iceland key interest rate held at 4.25 pct - BusinessWeek BusinessWeek--The rate peaked at 18 percent in October 2008, when the country's banking system collapsed under the strain of the worldwide credit squeeze, causing the -krona- currency to slump. Higher interest rates tend to help a currency as they of - Date : Thu, 17 Mar 2011 11:45:53 GMT+00:00 |
South Africa's Rand Declines Most in Week; Debt Accord Boosts Euro Allure - Bloomberg Bloomberg--The euro advanced against all but one of 25 emerging-market currencies monitored by Bloomberg, losing 0.2 percent versus -Iceland's krona-. The rand also weakened on concern an earthquake in Japan may slow growth in the world's third- - Date : Mon, 14 Mar 2011 09:05:17 GMT+00:00 |