Icelandic economy The mounting financial crisis and a 30 per cent dive in the krona has forced Iceland’s government to take emergency action
Iceland edged further towards the margins of the global economy when McDonald’s announced the closure of its three restaurants in the crisis-hit country and said that it had no plans to return
The fund cleared the way for additional aid for Iceland after the country resolved its dispute with Britain and the Netherlands over money lost in an Icelandic bank
Iceland says it has reached agreement with the UK and the Netherlands on a revised deal to repay nearly €4bn lost in a failed Icelandic bank
Journalists have been told to put a more positive spin on the news because of fears they could intensify the gloom that has descended on the nation since its banks collapsed last year and sent a thriving economy into a tailspin
Johanna Sigurdardottir, the prime minister, said that it was “not acceptable” that the IMF had delayed a review, which is needed before Iceland can access more of its $5.1bn international rescue package, for months
Olafur Hauksson is the special prosecutor appointed to investigate Iceland’s banking crash, tasked to discover what role white collar crime may have played in one of the most spectacular episodes of the global credit crunch
Iceland: A year since the island faced bankruptcy, enthusiasm for EU membership is cooling and a new and fragile coalition sees economic revival ahead – but others fear the worst may be yet to come
The island’s postponed crisis is about to arrive, and will be painful. Taxpayers elsewhere should watch closely for clues to their own future, writes Robert Wade
Forcing the payment of excessive foreign debts requires an oppressive financial regime, which Keynes warned could lead to nationalistic political reactions, writes Michael Hudson
It is to be hoped that large countries are aware of the lasting impact they can have on small countries such as ours, writes Jóhanna Sigurðardóttir
A less confrontational relationship could foster collaboration on investigation – and recovery of assets – which Iceland does not have the resources to carry out alone
