Day: February 23, 2006

Fréttabladid reports that cross-examination of witnesses in the so-called Baugur-case concluded yesterday in the District Court of Reykjavík.

In Iceland dreams are thought to contain messages and predict the future, but in central-Europe, they are thought to reflect the psychological condition of the people who experience them.

The volatility in the Icelandic króna and the Icelandic bond market sent ripples through the global markets yesterday.

According to the Icelandic National Broadcasting Service, RÚV, Sigurjon Th. Arnason, co-CEO of Landsbanki said yesterday that the Icelandic banks were not responsible for the revised negative outlook for Iceland’s sovereign debt. It was the Icelandic government and central bank that had been working “out of step”, said Sigurjón.