Kaupþing Loan in Breach of Lending Rules

kaupthinghead_ipa-sjoFormer governor of the Central Bank of Iceland Davíð Oddsson and former Prime Minister Geir Haarde knew about the condition of the now defunct bank Kaupþing and granted a EUR 500 million loan without sufficient guarantees, as revealed in a report by the parliamentary Budget Committee on Saturday.

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Mülltaucher in Island

supermarket_zrEine Reihe von Menschen lebt in Island vom Mülltauchen. Statt Lebensmittel im Laden einzukaufen, machen sie sich in Supermarktmüllcontainern auf die Suche nach Lebensmitteln mit abgelaufenem Mindesthaltbarkeitsdatum.

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Earthquake Hits North Iceland

siglufjordur_psAn earthquake measuring 3.8 points hit 1:13 am on Saturday night approximately 14 kilometers northwest of Gjögurtá in North Iceland and could be felt widely in the region, including Siglufjörður, Ólafsfjörður, Dalvík and Húsavík.

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