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Iceland cabinet changes

[Ice News]-  The government cabinet ministers in Iceland will be reduced to eight.  When the current administration was elected, twelve ministers were put in place by the Prime Minister.  This…

EU entry could have good and bad impacts on Icelandic food supply

In the midst of the economic mess going on in Greece and in the EU, Iceland is considering joining the melee.  IceNews reports, “The price of some foodstuffs in Iceland…

Final agreement reached for Icesave

Representatives from the United Kingdom, the Netherlands, and Iceland have reached a final agreement on Icesave, reports IceNews. “According to IceNews sources and local news, changes have been made to…

Russia and Iceland fail to achieve loan agreement

[IceNews]–  The potential USD 500 million loan from Russia to Iceland will not go ahead, Reuters reports. The Russian finance ministry announced its decision yesterday. full story–> License…

Iceland Prime Minister accused of blocking loan

[IceNews]–  The Progressive Party in Iceland believes Prime Minister Johanna Sigurdardottir is deliberately trying to block a potential massive loan to the country from Norway completely unconnected to the IMF…