It is with some satisfaction that CADTM learns of the decision by the EFTA (European Free Trade Association) court to dismiss all the complaints brought by the Netherlands and the UK against Iceland in the Icesave case. The judgement clearly states that it is not the responsibility of the parent nation of a banking company … [Read more…]
Greek government of George Papandreou (which is characterized as collaborator by Greek people and is the most hated person) from the first day who elected tried to say that public debt reached this levels because the generous welfare state. This was a big lie aiming at Greeks so that accept the chemotherapy of IMF and … [Read more…]
It is funny how things can turn around. For decades, Iceland languished in neoliberal hell, with signs of opposition few and far between. Meanwhile the opposition to the neoliberal order of things grew all over the world—with massive protests in Seattle, Genoa and elsewhere—and the beginnings of a world-wide anti-globalisation movement represented by the World … [Read more…]
It is written somewhere that all cats aregrey in the dark, but here in Iceland, official reports are all black, no matter how bright it is outside. Alþingi’s Investigative Commission’s Report is black. The Central Bank’s Report on the status of household debt is black. And the governmentand International Monetary Fund’s Memorandum of Economic and … [Read more…]
High Streets and Piss Pots Before the authorities plugged them up in 2006, there used to be underground, public toilets on the corner of Bankastræti and Lækjargata. In his most recent book, Einar Már Guðmundsson recounts how the toilets were once the hub of Reykjavík’s seedy area, where boozers and drug users mingled and where … [Read more…]
Introduction Two years ago, Iceland elected a new parliament or Alþingi, as a result of a people´s revolt. The revolt was a spontaneous democratic popular reaction to the collapse of the banks and the de facto bankruptcy of the country. At the time it seemed destined to be an isolated incident, a rare occurrence in … [Read more…]
Attac Iceland welcomes the protests in Madrid and other cities in Spain and sends its wholehearted support. We wish to congratulate the people of Spain on their powerful and widespread protests. Thousands of people have taken to the streets, occupying town squares, erecting tent cities and ignoring the anti-democratic orders of police and courts to … [Read more…]
Submitted by admin on Fös, 15/04/2011 – 21:40 Höfundur: Nick Dearden This week has witnessed two very different reactions to European debt. At one end of Europe, Iceland’s voters decided once again not to accept the payment terms of their ‘creditors’, the British and Dutch governments, following the collapse of Icelandic banks in 2008. At the … [Read more…]