Iceland
Island and Country
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Gulf state's debt dredges up new dangers...boom. The International Monetary Fund has already stepped in to bail out several struggling states, including Iceland, Hungary and Pakistan, but Dubai World's announcement raised the fear of a new wave of victims emerging. Second, the... In this article: Dubai, Dubai World, Recession, Emirates University, Nakheel, Bundesbank, United Arab Emirates, Owners, Islamic, and Revenue |
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MarketWatch | November 11, 2009
Iceland's credit rating cut by Moody's
...to see moderate growth in 2011. Iceland's economy has been thrown into turmoil as the country's banks collapsed and its currency plunged, requiring the country to get International Monetary Fund support. Iceland's three main commercial...
In this article: Moody's, Recession, Inflation, Kaupthing, Landsbanki, Glitnir, International Monetary Fund, and London
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BBC News | November 05, 2009
Iceland interest rates cut to 11%
...which means the central bank can lower rates. Iceland's financial system collapsed last October under the weight of debt, leading to a currency crisis, rising unemployment and public protests. As a result, it was forced to agree a $10bn...
In this article: Unemployment, Currency crisis, Jyske Bank, International Monetary Fund, and Sri Lanka
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WSJ.com: Markets | November 11, 2009
Iceland's Bond Ratings Cut By Moody's
...to stop a run on its currency. Iceland also last month agreed to pay off EUR3.8 billion it owes foreign governments, prompting the International Monetary Fund to release $167.5 million in emergency aid. The Organization for Economic...
In this article: Moody's, Fitch, Credit default swap, Inflation, S&P, International Monetary Fund, and London
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Full print edition | October 22, 2009
America's public debt: Tomorrow's burden
...past two years have shown that rich countries are not immune to acute crises. Iceland's case has been the most severe: the IMF had to save the country from collapse. Others have displayed milder symptoms: credit markets have discounted...
In this article: Harvard University, Kenneth Rogoff, IMF, Greece, Italy, and Ireland
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boston.com - Latest news | November 04, 2009
Serbia and IMF reach new deal on loan
...the incipient global recovery." The economic downturn has caused Serbia, Ukraine, Nigeria, Pakistan, Sri Lanka, Mexico, Iceland, Belarus and two EU nations -- Hungary and Latvia -- to seek IMF help. © Copyright 2009 Associated Press. All...
In this article: International Monetary Fund, Serbia, Belgrade, All rights reserved, Revenue, Recession, Inflation, EU, and Radovan Jelasic
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Times Online | October 26, 2009
McDonald's retreats from Iceland
...the company said. Iceland's banks collapsed at the height of the global credit crisis, devastating the country's economy and leaving it dependent on a $10 billion aid package led by the International Monetary Fund. Mr Ogmundsson has...
In this article: McDonald's, International Monetary Fund, and Europe
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Iceland Cuts Key Rate
Iceland's tiny economy went into a tailspin last autumn when the collapse of its overleveraged banking system prompted it to seek a $2.1 billion loan from the International Monetary Fund and a $2.5 billion loan from the Nordic countries.
In this article: International Monetary Fund, Icesave, and U.K.
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Guardian Unlimited | October 26, 2009
McDonald's to quit Iceland as Big Mac costs rise
...of just 300,000 people. Iceland's banks collapsed at the height of the global credit crisis, devastating the country's economy and leaving it dependent on a $10bn aid package led by the International Monetary Fund. It is not the first time...
In this article: McDonald's, Reykjavik, Hamburger, Tax, International Monetary Fund, and Germany
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Sydney Morning Herald - Business | October 31, 2009
Iceland lifts capital controls as crisis eases
...Fund. Iceland's previous prosperity had been heavily based on its robust banking sector and the country consequently suffered a major macroeconomic blow when its key lending institutions were laid low by the global finance meltdown. In...
In this article: International Monetary Fund
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More on Iceland
Description from Wikipedia:
Iceland, officially the Republic of Iceland (/ˈaɪslənd/) (Ísland or Lýðveldið Ísland (names of Iceland); IPA: /ˈistlant/), is an island country located in the North Atlantic Ocean between mainland Europe and Greenland. It has a population of about 320,000 and a total area of 103,000 km². Its capital and largest city is Reykjavík.
Located on the Mid-Atlantic Ridge, Iceland is volcanically and geologically active on a large scale; this defines the landscape. The interior mainly consists of a plateau characterized by sand fields, mountains and glaciers, while many big glacial rivers flow to the sea through the lowlands. Warmed by the Gulf Stream, Iceland has a temperate climate relative to its latitude and provides a habitable environment and nature.
The settlement of Iceland began in 874 when, according to Landnámabók, the Norwegian chieftain Ingólfur Arnarson became the first permanent Norwegian settler on the island. Others had visited the island earlier and stayed over winter. Over the next centuries, people of Nordic and Celtic origin settled in Iceland. Until the twentieth century, the Icelandic population relied on fisheries and agriculture, and was from 1262 to 1918 a part of the Norwegian and later the Danish monarchies. In the twentieth century, Iceland's economy and welfare system developed quickly. In recent decades, Iceland has implemented free trade in the European Economic Area and diversified from fishing to new economic fields in services, finance, and various industries.
- Name:
- Iceland
- Conventional Long Name:
- Republic of Iceland
- Local Name:
- Lýðveldið Ísland
- Capital:
- Reykjavík
- Language:
- Icelandic
- Motto:
- None
- Largest City:
- Reykjavík
- Government type:
- Parliamentary republic
- Founding Date:
- February 01, 1904
- Formations:
- Republic
- Area:
- 39,770
- GDP (per capita PPP):
- $12.274 billion
- GDP (per capita PPP) Rank:
- 5th
- GDP (nominal):
- $20.228 billion
- GDP (nominal per capita) Rank:
- 4th
- GPD (nominal) Rank:
- 93rd
- GDP (nominal per capita):
- $64,547
- Time Zone:
- GMT
- Currency:
- Icelandic króna
- Demonym:
- Icelander, Icelandic
- Drives On:
- right
- Currency (code):
- ISK
- Country Calling Code:
- 354
- ccTLD:
- .is
- Anthem:
- Lofsöngur
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