Foreign Minister: A Happy Day for Iceland

Foreign Minister of Iceland, Össur Skarphédinsson, a member of the Social Democratic Alliance, was interviewed by Morgunbladid after the European leaders meeting in Brussels have just agreed to take up negotiations with Iceland on possible membership to the European Union on June 17. Excerpts follow:

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A cave in Snæfellsnes opened to the Public

On June 15 the Vatnshellir in Snæfellsnes was formally opened to the public according to mbl.is. The cave is part of the national park by Snæfellsjökull glacier. Vatnhellir is actually a group of caves that were previously partly closed by soil and difficult to access. Volunteers from the Lions Club of Nesþing have made the cave accessible in recent months. Árni B. Stefánsson, a cave explorer, directed the work on behalf of the National park and the Environmental agency of Iceland.

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Breaking News: EU leaders agree to take up Formal Negotiations with Iceland on Membership

According to sources of the AFP news agency the European leaders meeting in Brussels have just agreed to take up negotiations with Iceland on possible membership to the European Union. In a statement it says than even though Iceland has some structural weaknesses, including in the financial system, it does fulfill all preconditions set for the negotiations. Therefore they should commence. This was agreed to just before lunch.

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Most Significant Economic News in Iceland since the Crash. Currency Pegged Loans Illegal says Supreme Court

The Supreme Court of Iceland yesterday ruled that it was illegal to peg indexed loans in Icelandic krónur to foreign currency. The ruling could have far reaching consequences for individuals and leasing companies. At this moment it is not clear what this will mean for the banks.

This ruling says that loans that were paid out in Icelandic krónur and repaid in Icelandic krónur were not legal.

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The Icelandic Government should send China a Clear Message, MP says

Ögumundur Jónasson, a member of Althingi for the Left Green and former Minister of Health, wants the Icelandi authorities to send the government of China a clear message that closer cooperation between the two countries does not mean that Iceland will ignore human rights violations in China, according to Morgunbladid.

The reason why the MP makes this statement is a currency exchange agreement between the states, but the Chinese Central bank has only made such an a agreement with seven other states.

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