Upcoming Events

International | EU

no events match your query!

New Events

International

no events posted in last week

Blog Feeds

Anti-Empire

Anti-Empire

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

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

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

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

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

Anti-Empire >>

Human Rights in 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.

offsite link Trump hosts former head of Syrian Al-Qaeda Al-Jolani to the White House Tue Nov 11, 2025 22:01 | imc

offsite link Rip The Chicken Tree - 1800s - 2025 Tue Nov 04, 2025 03:40 | Mark

offsite link Study of 1.7 Million Children: Heart Damage Only Found in Covid-Vaxxed Kids Sat Nov 01, 2025 00:44 | imc

offsite link The Golden Haro Fri Oct 31, 2025 12:39 | Paul Ryan

offsite link Top Scientists Confirm Covid Shots Cause Heart Attacks in Children Sun Oct 05, 2025 21:31 | imc

Human Rights in Ireland >>

Lockdown Skeptics

The Daily Sceptic

offsite link Labour Refuses to Deport Egyptian ?Extremist? Mon Dec 29, 2025 15:00 | Richard Eldred
Despite his history of antisemitism and calls for violence, Labour says it cannot deport Alaa Abd el-Fattah, an Egyptian activist granted UK citizenship through his British-born mother.
The post Labour Refuses to Deport Egyptian ?Extremist? appeared first on The Daily Sceptic.

offsite link Bridget Bardot: A Tribute Mon Dec 29, 2025 13:00 | James Alexander
Prof James Alexander pays tribute to Bridget Bardot, the embodiment of Goethe's eternal feminine who coped with her fame and fading beauty better than most 20th Century female icons.
The post Bridget Bardot: A Tribute appeared first on The Daily Sceptic.

offsite link Kemi Badenoch: Alaa Abd El-Fattah Should be Stripped of His British Citizenship Mon Dec 29, 2025 11:00 | Toby Young
Kemi Badenoch has called for Alaa Abd El-Fattah to be stripped of his British citizenship -- and even Labour ministers are demanding the same thing as pressure mounts on Sir Keir Starmer.
The post Kemi Badenoch: Alaa Abd El-Fattah Should be Stripped of His British Citizenship appeared first on The Daily Sceptic.

offsite link Major Climate Grooming Course Shuts Down as World Turns Away from Constant Media Gaslighting Mon Dec 29, 2025 09:00 | Chris Morrison
Oxford's climate journalism course is closing as no one's buying the constant climate fear, says Chris Morrison. Media's tired of the doom and gloom, and more people are waking up to the real facts on carbon and energy.
The post Major Climate Grooming Course Shuts Down as World Turns Away from Constant Media Gaslighting appeared first on The Daily Sceptic.

offsite link What Happened When I Visited the Choose Love Pop-Up Store Mon Dec 29, 2025 07:00 | Charlotte Gill
Sadiq Khan and a host of celebrities have been visiting the Choose Love pop-up on Regent Street, but as Charlotte Gill reveals, behind the glossy PR and pricey merch lies a selective silence on migrant crime.
The post What Happened When I Visited the Choose Love Pop-Up Store appeared first on The Daily Sceptic.

Lockdown Skeptics >>

Voltaire Network
Voltaire, international edition

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

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

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

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

offsite link 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

category international | eu | other press author Wednesday December 08, 2010 09:57author 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.

© 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