A court in Iceland has found former prime minister Geir Haarde guilty of negligence in his handling of the bank collapse in 2008, while acquitting him of more serious charges. Mr. Haarde is the first world leader to go on trial for his government’s handling of the global financial crisis. The court in Reykjavik convicted […]
Former Iceland PM Guilty of Negligence in 2008 Banking Crisis
Posted April 23rd, 2012 at 5:30 pm (UTC-5)
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Iceland’s President Demands EU Probe into Bank Collapse Aftermath
Posted September 4th, 2011 at 6:45 pm (UTC-5)
Iceland’s President Olafur Ragnar wants the the European Union to investigate why Britain and the Netherlands were allowed to bully Icelandic citizens over a collapsed bank. Mr. Ragnar told Icelandic radio Sunday that he wants to know how EU member states could make what he calls absurd and preposterous claims against another. When the Landsbanki […]
Chinese Tycoon Denies Political Motives in Iceland Deal
Posted August 31st, 2011 at 10:35 am (UTC-5)
A Chinese tycoon seeking to buy a large area in Iceland to build a luxury resort says his plan is driven by commercial incentives and says there are no political motives behind the proposed project. Beijing-based Huang Nubo, chairman of a private real estate company, spoke Wednesday, a day after Iceland’s Interior Minister Ogmundur Jonasson […]
Chinese Investor Seeks Land in Iceland
Posted August 30th, 2011 at 7:45 pm (UTC-5)
A Chinese tycoon wants to buy a large area in Iceland to build a luxury hotel and environmentally-friendly resort. News reports say real estate investor Huang Nubo has made a preliminary deal to buy about 300 square kilometers of land in the north-east of the Nordic country. But Iceland’s Interior Minister Ogmundur Jonasson told reporters […]
US Commerce Secretary Calls for Sanctions on Iceland Over Whaling
Posted July 20th, 2011 at 7:05 pm (UTC-5)
U.S. Commerce Secretary Gary Locke is urging President Barack Obama to impose sanctions against Iceland, accusing the country of ignoring a global ban on whaling. Locke says in a letter to the president Wednesday that Iceland’s harvest of whales and export of endangered fin whale meat undermines worldwide efforts to protect the mammals. He calls […]
