Publishing Guide

Upcoming Events

International | EU

no events match your query!

New Events

no events posted in last week

Other Press

Finally, Germany Is Talking About Deutschland EU Exit - Dexit 22:57 Apr 21 0 comments

The EU in 2019 – the Problem of Survival 18:42 Jan 11 0 comments

The publication of a damning report on Ireland’s public services was delayed by EU until after polls... 06:50 Feb 27 2 comments

People's News - No. 139 7th Feb 2016 22:58 Feb 10 0 comments

Peoples News issue No. 110 Date: 21 – 9 – 14 22:01 Oct 01 1 comments

more >>

User Preferences

Feeds

Blog Feeds

Anti-Empire

North Korea Increases Aid to Russia, Mos... Tue Nov 19, 2024 12:29 | Marko Marjanovi?

Trump Assembles a War Cabinet Sat Nov 16, 2024 10:29 | Marko Marjanovi?

Slavgrinder Ramps Up Into Overdrive Tue Nov 12, 2024 10:29 | Marko Marjanovi?

?Existential? Culling to Continue on Com... Mon Nov 11, 2024 10:28 | Marko Marjanovi?

US to Deploy Military Contractors to Ukr... Sun Nov 10, 2024 02:37 | Field Empty

The Saker

Indymedia ireland

Indymedia Ireland is a volunteer-run non-commercial open publishing website for local and international news, opinion & analysis, press releases and events. Its main objective is to enable the public to participate in reporting and analysis of the news and other important events and aspects of our daily lives and thereby give a voice to people.

Army Sergeant Travis Decker Murdered His Three Children After Being Denied Mental Health Care at JBL... Sat Jun 07, 2025 04:52 | JBLM Whistleblowers
A corrupt military police force and incompetent Commander who denied emergency mental health care and crisis counseling to an American service member resulted in the murder of the sergeant's three young daughters

Gaza doctor grieves her nine children killed in Israeli strike Sun May 25, 2025 20:00 | imc
Israeli regime continues it's slaughter
'The children were completely charred'

Paediatrician Alaa al-Najjar was treating victims of Israeli attacks when her children were killed by an Israeli strike on their home

British doctors working in Gaza describe territory as a ?slaughterhouse? Sat May 24, 2025 00:23 | imc
There?s no food getting in so people are starving,? surgeon Tom Potokar says
British doctors working in Gaza have described the territory as a ?slaughterhouse,? where the patients they are treating are severely malnourished.

Plastic surgeons and orthopedic specialists from the UK are based at the Amal and Nasser hospitals in Khan Younis in the south of the territory.

Dr. Tom Potokar, a plastic surgeon specializing in burn injuries, has worked in Gaza 16 times but said this mission had revealed a level of destruction far greater than his last visit in 2023,

It is time to talk about the Out of Control Immigration. Mon Mar 31, 2025 22:12 | imc
For the last few years since the CV19 scamdemic undocumented immigration into Ireland has surged. No one is allowed discuss it because they do not want any rational debate about it. If you do you are labelled an extremist. However this out of control immigration is fully facilitated by the Irish government and the EU and the shady figure behind the Neo Con movement pushing for endless war, wokeism and globalist agenda.

[Dublin] National Demonstration for Palestine: End Israeli Apartheid & Genocide Thu Mar 06, 2025 22:35 | ipsc
Sat, 22 March 2025, 13:00 Assemble at the Garden of Remembrance, Parnell Square, Dublin 1
The Ireland-Palestine Solidarity Campaign, supported by over 150 Irish civil society organisations, has called another National Demonstration for Palestine on Saturday 22nd March.

The march will begin at the Garden of Remembrance at 1pm and finish outside the D?il on Molesworth Street/Kildare Street to bring our demands to the Irish government?s doorstep.

Public Inquiry

Interested in maladministration. Estd. 2005

RTEs Sarah McInerney ? Fianna Fail?supporter? Anthony

Joe Duffy is dishonest and untrustworthy Anthony

Robert Watt complaint: Time for decision by SIPO Anthony

RTE in breach of its own editorial principles Anthony

Waiting for SIPO Anthony

Public Inquiry >>

Voltaire Network

Voltaire, international edition

Will intergovernmental institutions withstand the end of the "American Empire"?,... Sat Apr 05, 2025 07:15 | en

Voltaire, International Newsletter N?127 Sat Apr 05, 2025 06:38 | en

Disintegration of Western democracy begins in France Sat Apr 05, 2025 06:00 | en

Voltaire, International Newsletter N?126 Fri Mar 28, 2025 11:39 | en

The International Conference on Combating Anti-Semitism by Amichai Chikli and Na... Fri Mar 28, 2025 11:31 | en

Voltaire Network >>

Iceland Out of Recession

international | eu | other press

Wednesday December 08, 2010 09:57

by Baggie

Report this post to the editors

Iceland out of recession reports Guardian.

Burn the Bondholders!

http://www.guardian.co.uk/business/2010/dec/07/iceland-...arter

Iceland exits recession
Decision to force bondholders to pay for banking system's collapse appears to pay off as economy grows 1.2% in third quarter

• Phillip Inman
• guardian.co.uk, Tuesday 7 December 2010 20.18 GMT
Nobel prize winner Paul Krugman has repeatedly called on Ireland, Greece and Portugal to consider leaving the euro area and defaulting on debts. Photograph: Mike Clarke/AFP/Getty Images
Iceland's decision two years ago to force bondholders to pay for the banking system's collapse appeared to pay off after official figures showed the country exited recession in the third quarter.
The Icelandic economy, which contracted for seven consecutive quarters until the summer, grew by 1.2% in the three months to the end of September.
Iceland famously agreed in a referendum to reject a scheme to repay most of its debts that were once worth 11 times its total national income.
In contrast to Ireland, Iceland's taxpayers refused to foot the bill for the debts accumulated by the banking sector. Bondholders were told to accept dramatic reductions in the value of repayments on bank debt after the sector borrowed beyond its means to fund ambitious investments abroad.
The return to growth is likely to put pressure on Irish politicians to explain why Dublin rejected a more radical restructuring of its debts and a departure from the eurozone.
Iceland's currency has fallen by around a quarter, helping its exports.
Economists on the right and left have recommended country deep in debt restructure repayments with bondholders, in effect writing off much of the debt.
Nobel prize winner Paul Krugman (pictured) has repeatedly called on Ireland, Greece and Portugal to consider leaving the euro area and defaulting on debts.
Iceland's recession has proved less severe and shorter than many analysts and the International Monetary Fund had feared.

Add Your Comments >>

printable version

with comments

atom feed of comments

rss feed of comments

RSS and atom feeds allow you to keep track of new comments on particular stories. You can input the URL's from these links into a rss reader and you will be informed whenever somebody posts a new comment.

Digg this

Furl

Reddit

Gab

Twitter

© 2001-2025 Independent Media Centre Ireland. Unless otherwise stated by the author, all content is free for non-commercial reuse, reprint, and rebroadcast, on the net and elsewhere. Opinions are those of the contributors and are not necessarily endorsed by Independent Media Centre Ireland. Disclaimer | Privacy