Heavy Debt Burden in 2011

The year 2011 will be very difficult for the Icelandic State Treasury according to numbers reported by the Central Bank to Althingi’s Trade Committee just before Christmas, Morgunbladid reported. That year the state will have to pay EUR 1,467 million which will be extremely hard compared to other years which will also be difficult.

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A Wave of Theft Goes Down

Thefts and burglaries are decreasing compared to last year according to police statistics. A wave of shoplifting and burglaries came after the economic crash last year. Traditionally, most incidents of theft take place in December. 47 were arrested for shoplifting in December 2007 but in the last months of 2008 such cases increased dramatically.

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Deep Snow in North Iceland

If some people in Akureyri prayed for a white Christmas their prayers were answered. The snowfall in the North of Iceland has been continuous and the depth of snow there is now over 80 centimeters.

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Prices of Fireworks Blow Up

Icelanders are famous for their love of fireworks which they set off on New Year’s Eve. The capital, Reykjavík, is lit up by fireworks as the pyromanic countrymen say goodbye to the old year and welcome the new. This year the price of fireworks will really set their wallets back, as they have doubled in price compared to 2007 because of the depreciation of the ISK.

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