Icelandic government becomes first to be brought down by the c...

Will leaders of other nations face the same fate as the Primeminister of Iceland today?" The government of Iceland today became the first to be effectively brought down by the credit crunch. After several nights of...

Iceland Want US$2bn from IMF

CRISIS hit Iceland have asked the International Monetary Fund (IMF) for a $2bn loan.   Prime Minister Geir Haarde is quoted as saying to Finnish newspaper, HELSINGIN SANOMAT, "It's hard to give an...

Iceland Votes: Center Right Wins Razor-Thin Majority

UPDATE:"Iceland's centre-right coalition government has won a majority of just one seat in general elections. The government of Prime Minister Geir Haarde now hangs in the balance. His Independence Party gained...