Civil war in Iceland?

by dorisig007 | July 8, 2009 at 12:58 pm
123 views | 22 Recommendations | 2 comments

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Civil war in Iceland ???

Civil war in Iceland ???

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Bjorgulfur Gudmundsson and his son ,Bjorgulfur Thor Bjorgulfsson,have asked that half of their debts to Kaupthing Bank ,be written off and they do not have to pay half.
That would mean ,that they would not have to pay ,3 billion kronas.

Bjorgulfur Thor Bjorgulfsson is estimated to own now - 170 billion kronas.
In the meantime ,familys are offered ,getting their lones, on longer time period.
Representives of people and familys in debt in Iceland ,say ,that if they dont pay all their debt,then every promice from the goverment to the public,is void.
One ,represting Icelands stock holders,mr: Vilhjálmur Bjarnason, said ,that if they do not pay all
of their debts,that would could mean  civil war in Iceland .

Since the banking crises started here in Iceland ,last october ,2008 - about 1000 Icelandic citizens have moved to Norway.

source: http://iceland-dori.blogspot.com/

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0
Spydermonkey

it needs more back ground information.

What is the value of the Krone ? what was its value historicly, what was some of the causes of the decline?

0
dorisig007

january 2008  - the us dollar was 60 kronas
july 2009 - the us dollar is 130 kronas ..


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First Flagged at 2:18 PM, Jul 8, 2009 by Jordan Yerman
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