ICIS Blogs : iceland

Eurozone under pressure

Chemicals & The Economy — Thu, 15 Jan 2009 15:28:12 GMT

Early last year, the blog flagged up a warning from Gillian Tett in the Financial Times that Iceland could go bankrupt , as its banks were "too big to rescue". Yet at the time, the United Nations had listed it as having "the highest standard...(read more)

Iceland calls in IMF

Chemicals & The Economy — Thu, 09 Oct 2008 08:07:52 GMT

As the blog predicted , Iceland has been forced to call on the IMF for help. Finally, the country's leaders have recognised that their $20bn economy couldn't support the level of debt built up during the 'go-go' years. The pity is that...(read more)

Iceland on the brink

Chemicals & The Economy — Sat, 04 Oct 2008 17:17:14 GMT

Last March, the blog noted an excellent article on Iceland by Gillian Tett of the Financial Times. She argued that Iceland was 'the first country run like a hedge fund'. And she worried that its banks might prove not 'too big to fail'...(read more)

Icy oil and gas coming soon

Green Chemicals — Thu, 28 Aug 2008 14:32:07 GMT

It seems that producible quantities of oil and gas can be found in the Dreki area of Iceland (in the Atlantic, northeast of Iceland on the Jan Mayen Ridge, between Iceland and Jan Mayen Island), and the Icelandic government is inviting experts and specialist...(read more)

‘Too big to rescue’

Chemicals & The Economy — Fri, 28 Mar 2008 13:39:04 GMT

Readers will know that I am a great admirer of Gillian Tett’s analyses of banking issues in the Financial Times. Today, she has another thought-provoking article, this time on the emergence of Iceland as ‘the world’s first country run like a hedge fund...(read more)