Cool under fire: Iceland takes the fight back to finance
Policymakers in Reykjavik are acting to shore up the island’s economic standing but stability may come at the cost of ceding its prized independence
Icelandic economy
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Fears that Iceland could be the first country to fall victim of the global financial turmoil grew when its central bank abruptly raised interest rates
Icelandic banks come in from cold
The publication of first-quarter results for the three leading Icelandic banks suggests that the country’s banking storm of 2008 may finally be blowing itself out
Iceland inflation at 20-year high
Iceland’s inflation rate hit a 20-year high of 11.8 per cent in April, leaving the Central Bank’s latest forecast in tatters and making further hikes to its record breaking interest rates more likely.
Iceland wealth fund is proposed
Björgólfur Gudmundsson, owner and chairman of Landsbanki, says the island needs a war chest to bolster its economy’s defences against outside threats
Iceland fends off hedge fund attacks
The government is investigating an alleged speculative attack involving manipulation of the CDS market and distribution of misleading information
Iceland raises interest rate to 15.5%
Iceland has the highest rates in Europe after the central bank raised rates by 0.5 per cent as it strove to restore confidence in its struggling currency and stave off a banking crisis
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Comment & analysis
Notebook: Saving Iceland
The European Central Bank tore up its own rulebook to bail out Iceland, the giant hedge fund off the west coast of Norway that owns large parts of Britain's high streets
Do not be alarmed by Icelandic whispers
On many indicators, Iceland is a sound economy, even if there are weaknesses that hamper monetary policy, says Wolfgang Münchau
Indignant Iceland faces a problem of perception
A strategy of debt-fuelled expansion that worked well for years is now being punished by investors – some say unfairly
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