The weather forecast for this evening is relatively good all over Iceland, which is good news for those planning to set off fireworks or attend one of the many bonfires. There will be dozens of public bonfires all around the country, including 16 just in Reykjavik.
Some 3,500 foreign tourists will be in Iceland to celebrate the New Year as well — most of whom
According to Mrs. Moussaieff, when planes were grounded in England and across most of Europe, due to bad weather conditions and snowy runways, the pilots of an Icelandair plane took matters into their own hands after they were informed they could not take off.
Apparently, there was not enough snow clearing equipment
Morgunblaðið says crisis is unlikely.
On April 9, Morgunblaðið reports, "New Moody's report says crisis unlikely." At once the headline sums up a rosy conclusion of a report from an agency that has recently downgraded Iceland's banks to C- and lowered Iceland's outlook to negative. The article begins by stating Iceland's exceptional quality in being the only Aaa ranked country with C- ranked banks, as if this was almost a good thing. It goes on to say, "the state of the banks is said to be concerning, but it's unlikely that they will be the cause an economic crisis." Additionally, it reports, "Minister of Finance Árni M. Mathiesen says discussions during the last two to three weeks have been moving in a positive direction. Moody's is very well acquainted with the country and their positive report should push discussions in that direction."
Thus, it's generally a positive report.
Morgunblaðið fails to mention that the banks are nine times Iceland's GDP, and does not include Moody's warning: "The banking sector in Iceland represents the most burdensome contingent liability. Moody's considers the three large commercial banks in Iceland as "too big to fail," a concept that is not affected by the banks having been fully privatised, meaning that we would expect a very high degree of systemic support by the Icelandic authorities for the banks in the event of a stress situation. Given the scale of the banks' international operations, however, any systemic threat would prove extremely costly to the government if that eventuality were to materialize."
Of course if they had included all of this, the Minister of Finance would have appeared incompetent and they couldn't have written up such an overwhelmingly positive interpretation of the report.
Fréttablaðið says speculations are ridiculous
On the following day, April 10, Fréttablaðið covers Moody's report in an article called, "Ridiculous speculations." The article
Morgunblaðið says crisis is unlikely.
On April 9, Morgunblaðið reports, "New Moody's report says crisis unlikely." At once the headline sums up a rosy conclusion of a report from an agency that has recently downgraded Iceland's banks to C- and lowered Iceland's outlook to negative. The article begins by stating Iceland's exceptional quality in being the only Aaa ranked country with C- ranked banks, as if this was almost a good thing. It goes on to say, "the state of the banks is said to be concerning, but it's unlikely that they will be the cause an economic crisis." Additionally, it reports, "Minister of Finance Árni M. Mathiesen says discussions during the last two to three weeks have been moving in a positive direction. Moody's is very well acquainted with the country and their positive report should push discussions in that direction."
Thus, it's generally a positive report.
Morgunblaðið fails to mention that the banks are nine times Iceland's GDP, and does not include Moody's warning: "The banking sector in Iceland represents the most burdensome contingent liability. Moody's considers the three large commercial banks in Iceland as "too big to fail," a concept that is not affected by the banks having been fully privatised, meaning that we would expect a very high degree of systemic support by the Icelandic authorities for the banks in the event of a stress situation. Given the scale of the banks' international operations, however, any systemic threat would prove extremely costly to the government if that eventuality were to materialize."
Of course if they had included all of this, the Minister of Finance would have appeared incompetent and they couldn't have written up such an overwhelmingly positive interpretation of the report.
Fréttablaðið says speculations are ridiculous
On the following day, April 10, Fréttablaðið covers Moody's report in an article called, "Ridiculous speculations." The article
Morgunblaðið says crisis is unlikely.
On April 9, Morgunblaðið reports, "New Moody's report says crisis unlikely." At once the headline sums up a rosy conclusion of a report from an agency that has recently downgraded Iceland's banks to C- and lowered Iceland's outlook to negative. The article begins by stating Iceland's exceptional quality in being the only Aaa ranked country with C- ranked banks, as if this was almost a good thing. It goes on to say, "the state of the banks is said to be concerning, but it's unlikely that they will be the cause an economic crisis." Additionally, it reports, "Minister of Finance Árni M. Mathiesen says discussions during the last two to three weeks have been moving in a positive direction. Moody's is very well acquainted with the country and their positive report should push discussions in that direction."
Thus, it's generally a positive report.
Morgunblaðið fails to mention that the banks are nine times Iceland's GDP, and does not include Moody's warning: "The banking sector in Iceland represents the most burdensome contingent liability. Moody's considers the three large commercial banks in Iceland as "too big to fail," a concept that is not affected by the banks having been fully privatised, meaning that we would expect a very high degree of systemic support by the Icelandic authorities for the banks in the event of a stress situation. Given the scale of the banks' international operations, however, any systemic threat would prove extremely costly to the government if that eventuality were to materialize."
Of course if they had included all of this, the Minister of Finance would have appeared incompetent and they couldn't have written up such an overwhelmingly positive interpretation of the report.
Fréttablaðið says speculations are ridiculous
On the following day, April 10, Fréttablaðið covers Moody's report in an article called, "Ridiculous speculations." The article
The Christmas and New Year period is also the time we begin to reflect on the year gone by; and what a year it has been!
It has been a year full of incredible events in the Nordic countries – some very sad, some surprising and others full of hope.
Iceland’s volcanic eruptions were a stand-out event for people in Iceland
Morgunblaðið says crisis is unlikely.
On April 9, Morgunblaðið reports, "New Moody's report says crisis unlikely." At once the headline sums up a rosy conclusion of a report from an agency that has recently downgraded Iceland's banks to C- and lowered Iceland's outlook to negative. The article begins by stating Iceland's exceptional quality in being the only Aaa ranked country with C- ranked banks, as if this was almost a good thing. It goes on to say, "the state of the banks is said to be concerning, but it's unlikely that they will be the cause an economic crisis." Additionally, it reports, "Minister of Finance Árni M. Mathiesen says discussions during the last two to three weeks have been moving in a positive direction. Moody's is very well acquainted with the country and their positive report should push discussions in that direction."
Thus, it's generally a positive report.
Morgunblaðið fails to mention that the banks are nine times Iceland's GDP, and does not include Moody's warning: "The banking sector in Iceland represents the most burdensome contingent liability. Moody's considers the three large commercial banks in Iceland as "too big to fail," a concept that is not affected by the banks having been fully privatised, meaning that we would expect a very high degree of systemic support by the Icelandic authorities for the banks in the event of a stress situation. Given the scale of the banks' international operations, however, any systemic threat would prove extremely costly to the government if that eventuality were to materialize."
Of course if they had included all of this, the Minister of Finance would have appeared incompetent and they couldn't have written up such an overwhelmingly positive interpretation of the report.
Fréttablaðið says speculations are ridiculous
On the following day, April 10, Fréttablaðið covers Moody's report in an article called, "Ridiculous speculations." The article
Morgunblaðið says crisis is unlikely.
On April 9, Morgunblaðið reports, "New Moody's report says crisis unlikely." At once the headline sums up a rosy conclusion of a report from an agency that has recently downgraded Iceland's banks to C- and lowered Iceland's outlook to negative. The article begins by stating Iceland's exceptional quality in being the only Aaa ranked country with C- ranked banks, as if this was almost a good thing. It goes on to say, "the state of the banks is said to be concerning, but it's unlikely that they will be the cause an economic crisis." Additionally, it reports, "Minister of Finance Árni M. Mathiesen says discussions during the last two to three weeks have been moving in a positive direction. Moody's is very well acquainted with the country and their positive report should push discussions in that direction."
Thus, it's generally a positive report.
Morgunblaðið fails to mention that the banks are nine times Iceland's GDP, and does not include Moody's warning: "The banking sector in Iceland represents the most burdensome contingent liability. Moody's considers the three large commercial banks in Iceland as "too big to fail," a concept that is not affected by the banks having been fully privatised, meaning that we would expect a very high degree of systemic support by the Icelandic authorities for the banks in the event of a stress situation. Given the scale of the banks' international operations, however, any systemic threat would prove extremely costly to the government if that eventuality were to materialize."
Of course if they had included all of this, the Minister of Finance would have appeared incompetent and they couldn't have written up such an overwhelmingly positive interpretation of the report.
Fréttablaðið says speculations are ridiculous
On the following day, April 10, Fréttablaðið covers Moody's report in an article called, "Ridiculous speculations." The article
Morgunblaðið says crisis is unlikely.
On April 9, Morgunblaðið reports, "New Moody's report says crisis unlikely." At once the headline sums up a rosy conclusion of a report from an agency that has recently downgraded Iceland's banks to C- and lowered Iceland's outlook to negative. The article begins by stating Iceland's exceptional quality in being the only Aaa ranked country with C- ranked banks, as if this was almost a good thing. It goes on to say, "the state of the banks is said to be concerning, but it's unlikely that they will be the cause an economic crisis." Additionally, it reports, "Minister of Finance Árni M. Mathiesen says discussions during the last two to three weeks have been moving in a positive direction. Moody's is very well acquainted with the country and their positive report should push discussions in that direction."
Thus, it's generally a positive report.
Morgunblaðið fails to mention that the banks are nine times Iceland's GDP, and does not include Moody's warning: "The banking sector in Iceland represents the most burdensome contingent liability. Moody's considers the three large commercial banks in Iceland as "too big to fail," a concept that is not affected by the banks having been fully privatised, meaning that we would expect a very high degree of systemic support by the Icelandic authorities for the banks in the event of a stress situation. Given the scale of the banks' international operations, however, any systemic threat would prove extremely costly to the government if that eventuality were to materialize."
Of course if they had included all of this, the Minister of Finance would have appeared incompetent and they couldn't have written up such an overwhelmingly positive interpretation of the report.
Fréttablaðið says speculations are ridiculous
On the following day, April 10, Fréttablaðið covers Moody's report in an article called, "Ridiculous speculations." The article
Morgunblaðið says crisis is unlikely.
On April 9, Morgunblaðið reports, "New Moody's report says crisis unlikely." At once the headline sums up a rosy conclusion of a report from an agency that has recently downgraded Iceland's banks to C- and lowered Iceland's outlook to negative. The article begins by stating Iceland's exceptional quality in being the only Aaa ranked country with C- ranked banks, as if this was almost a good thing. It goes on to say, "the state of the banks is said to be concerning, but it's unlikely that they will be the cause an economic crisis." Additionally, it reports, "Minister of Finance Árni M. Mathiesen says discussions during the last two to three weeks have been moving in a positive direction. Moody's is very well acquainted with the country and their positive report should push discussions in that direction."
Thus, it's generally a positive report.
Morgunblaðið fails to mention that the banks are nine times Iceland's GDP, and does not include Moody's warning: "The banking sector in Iceland represents the most burdensome contingent liability. Moody's considers the three large commercial banks in Iceland as "too big to fail," a concept that is not affected by the banks having been fully privatised, meaning that we would expect a very high degree of systemic support by the Icelandic authorities for the banks in the event of a stress situation. Given the scale of the banks' international operations, however, any systemic threat would prove extremely costly to the government if that eventuality were to materialize."
Of course if they had included all of this, the Minister of Finance would have appeared incompetent and they couldn't have written up such an overwhelmingly positive interpretation of the report.
Fréttablaðið says speculations are ridiculous
On the following day, April 10, Fréttablaðið covers Moody's report in an article called, "Ridiculous speculations." The article
The Christmas train consists of four trucks that are equipped with over 3 kilometers of lights and a sound system. It takes employees at Vifilfell, the Icelandic franchisee for brands of The Coca-Cola Company, over 10 hours to decorate the four trucks.
The Coca-Cola Christmas train will set off at 16:00 from the Vifilfell headquarters and will then travel into central Reykjavik. The train
Morgunblaðið says crisis is unlikely.
On April 9, Morgunblaðið reports, "New Moody's report says crisis unlikely." At once the headline sums up a rosy conclusion of a report from an agency that has recently downgraded Iceland's banks to C- and lowered Iceland's outlook to negative. The article begins by stating Iceland's exceptional quality in being the only Aaa ranked country with C- ranked banks, as if this was almost a good thing. It goes on to say, "the state of the banks is said to be concerning, but it's unlikely that they will be the cause an economic crisis." Additionally, it reports, "Minister of Finance Árni M. Mathiesen says discussions during the last two to three weeks have been moving in a positive direction. Moody's is very well acquainted with the country and their positive report should push discussions in that direction."
Thus, it's generally a positive report.
Morgunblaðið fails to mention that the banks are nine times Iceland's GDP, and does not include Moody's warning: "The banking sector in Iceland represents the most burdensome contingent liability. Moody's considers the three large commercial banks in Iceland as "too big to fail," a concept that is not affected by the banks having been fully privatised, meaning that we would expect a very high degree of systemic support by the Icelandic authorities for the banks in the event of a stress situation. Given the scale of the banks' international operations, however, any systemic threat would prove extremely costly to the government if that eventuality were to materialize."
Of course if they had included all of this, the Minister of Finance would have appeared incompetent and they couldn't have written up such an overwhelmingly positive interpretation of the report.
Fréttablaðið says speculations are ridiculous
On the following day, April 10, Fréttablaðið covers Moody's report in an article called, "Ridiculous speculations." The article
Morgunblaðið says crisis is unlikely.
On April 9, Morgunblaðið reports, "New Moody's report says crisis unlikely." At once the headline sums up a rosy conclusion of a report from an agency that has recently downgraded Iceland's banks to C- and lowered Iceland's outlook to negative. The article begins by stating Iceland's exceptional quality in being the only Aaa ranked country with C- ranked banks, as if this was almost a good thing. It goes on to say, "the state of the banks is said to be concerning, but it's unlikely that they will be the cause an economic crisis." Additionally, it reports, "Minister of Finance Árni M. Mathiesen says discussions during the last two to three weeks have been moving in a positive direction. Moody's is very well acquainted with the country and their positive report should push discussions in that direction."
Thus, it's generally a positive report.
Morgunblaðið fails to mention that the banks are nine times Iceland's GDP, and does not include Moody's warning: "The banking sector in Iceland represents the most burdensome contingent liability. Moody's considers the three large commercial banks in Iceland as "too big to fail," a concept that is not affected by the banks having been fully privatised, meaning that we would expect a very high degree of systemic support by the Icelandic authorities for the banks in the event of a stress situation. Given the scale of the banks' international operations, however, any systemic threat would prove extremely costly to the government if that eventuality were to materialize."
Of course if they had included all of this, the Minister of Finance would have appeared incompetent and they couldn't have written up such an overwhelmingly positive interpretation of the report.
Fréttablaðið says speculations are ridiculous
On the following day, April 10, Fréttablaðið covers Moody's report in an article called, "Ridiculous speculations." The article
Morgunblaðið says crisis is unlikely.
On April 9, Morgunblaðið reports, "New Moody's report says crisis unlikely." At once the headline sums up a rosy conclusion of a report from an agency that has recently downgraded Iceland's banks to C- and lowered Iceland's outlook to negative. The article begins by stating Iceland's exceptional quality in being the only Aaa ranked country with C- ranked banks, as if this was almost a good thing. It goes on to say, "the state of the banks is said to be concerning, but it's unlikely that they will be the cause an economic crisis." Additionally, it reports, "Minister of Finance Árni M. Mathiesen says discussions during the last two to three weeks have been moving in a positive direction. Moody's is very well acquainted with the country and their positive report should push discussions in that direction."
Thus, it's generally a positive report.
Morgunblaðið fails to mention that the banks are nine times Iceland's GDP, and does not include Moody's warning: "The banking sector in Iceland represents the most burdensome contingent liability. Moody's considers the three large commercial banks in Iceland as "too big to fail," a concept that is not affected by the banks having been fully privatised, meaning that we would expect a very high degree of systemic support by the Icelandic authorities for the banks in the event of a stress situation. Given the scale of the banks' international operations, however, any systemic threat would prove extremely costly to the government if that eventuality were to materialize."
Of course if they had included all of this, the Minister of Finance would have appeared incompetent and they couldn't have written up such an overwhelmingly positive interpretation of the report.
Fréttablaðið says speculations are ridiculous
On the following day, April 10, Fréttablaðið covers Moody's report in an article called, "Ridiculous speculations." The article
Morgunblaðið says crisis is unlikely.
On April 9, Morgunblaðið reports, "New Moody's report says crisis unlikely." At once the headline sums up a rosy conclusion of a report from an agency that has recently downgraded Iceland's banks to C- and lowered Iceland's outlook to negative. The article begins by stating Iceland's exceptional quality in being the only Aaa ranked country with C- ranked banks, as if this was almost a good thing. It goes on to say, "the state of the banks is said to be concerning, but it's unlikely that they will be the cause an economic crisis." Additionally, it reports, "Minister of Finance Árni M. Mathiesen says discussions during the last two to three weeks have been moving in a positive direction. Moody's is very well acquainted with the country and their positive report should push discussions in that direction."
Thus, it's generally a positive report.
Morgunblaðið fails to mention that the banks are nine times Iceland's GDP, and does not include Moody's warning: "The banking sector in Iceland represents the most burdensome contingent liability. Moody's considers the three large commercial banks in Iceland as "too big to fail," a concept that is not affected by the banks having been fully privatised, meaning that we would expect a very high degree of systemic support by the Icelandic authorities for the banks in the event of a stress situation. Given the scale of the banks' international operations, however, any systemic threat would prove extremely costly to the government if that eventuality were to materialize."
Of course if they had included all of this, the Minister of Finance would have appeared incompetent and they couldn't have written up such an overwhelmingly positive interpretation of the report.
Fréttablaðið says speculations are ridiculous
On the following day, April 10, Fréttablaðið covers Moody's report in an article called, "Ridiculous speculations." The article
Morgunblaðið says crisis is unlikely.
On April 9, Morgunblaðið reports, "New Moody's report says crisis unlikely." At once the headline sums up a rosy conclusion of a report from an agency that has recently downgraded Iceland's banks to C- and lowered Iceland's outlook to negative. The article begins by stating Iceland's exceptional quality in being the only Aaa ranked country with C- ranked banks, as if this was almost a good thing. It goes on to say, "the state of the banks is said to be concerning, but it's unlikely that they will be the cause an economic crisis." Additionally, it reports, "Minister of Finance Árni M. Mathiesen says discussions during the last two to three weeks have been moving in a positive direction. Moody's is very well acquainted with the country and their positive report should push discussions in that direction."
Thus, it's generally a positive report.
Morgunblaðið fails to mention that the banks are nine times Iceland's GDP, and does not include Moody's warning: "The banking sector in Iceland represents the most burdensome contingent liability. Moody's considers the three large commercial banks in Iceland as "too big to fail," a concept that is not affected by the banks having been fully privatised, meaning that we would expect a very high degree of systemic support by the Icelandic authorities for the banks in the event of a stress situation. Given the scale of the banks' international operations, however, any systemic threat would prove extremely costly to the government if that eventuality were to materialize."
Of course if they had included all of this, the Minister of Finance would have appeared incompetent and they couldn't have written up such an overwhelmingly positive interpretation of the report.
Fréttablaðið says speculations are ridiculous
On the following day, April 10, Fréttablaðið covers Moody's report in an article called, "Ridiculous speculations." The article
Morgunblaðið says crisis is unlikely.
On April 9, Morgunblaðið reports, "New Moody's report says crisis unlikely." At once the headline sums up a rosy conclusion of a report from an agency that has recently downgraded Iceland's banks to C- and lowered Iceland's outlook to negative. The article begins by stating Iceland's exceptional quality in being the only Aaa ranked country with C- ranked banks, as if this was almost a good thing. It goes on to say, "the state of the banks is said to be concerning, but it's unlikely that they will be the cause an economic crisis." Additionally, it reports, "Minister of Finance Árni M. Mathiesen says discussions during the last two to three weeks have been moving in a positive direction. Moody's is very well acquainted with the country and their positive report should push discussions in that direction."
Thus, it's generally a positive report.
Morgunblaðið fails to mention that the banks are nine times Iceland's GDP, and does not include Moody's warning: "The banking sector in Iceland represents the most burdensome contingent liability. Moody's considers the three large commercial banks in Iceland as "too big to fail," a concept that is not affected by the banks having been fully privatised, meaning that we would expect a very high degree of systemic support by the Icelandic authorities for the banks in the event of a stress situation. Given the scale of the banks' international operations, however, any systemic threat would prove extremely costly to the government if that eventuality were to materialize."
Of course if they had included all of this, the Minister of Finance would have appeared incompetent and they couldn't have written up such an overwhelmingly positive interpretation of the report.
Fréttablaðið says speculations are ridiculous
On the following day, April 10, Fréttablaðið covers Moody's report in an article called, "Ridiculous speculations." The article
Morgunblaðið says crisis is unlikely.
On April 9, Morgunblaðið reports, "New Moody's report says crisis unlikely." At once the headline sums up a rosy conclusion of a report from an agency that has recently downgraded Iceland's banks to C- and lowered Iceland's outlook to negative. The article begins by stating Iceland's exceptional quality in being the only Aaa ranked country with C- ranked banks, as if this was almost a good thing. It goes on to say, "the state of the banks is said to be concerning, but it's unlikely that they will be the cause an economic crisis." Additionally, it reports, "Minister of Finance Árni M. Mathiesen says discussions during the last two to three weeks have been moving in a positive direction. Moody's is very well acquainted with the country and their positive report should push discussions in that direction."
Thus, it's generally a positive report.
Morgunblaðið fails to mention that the banks are nine times Iceland's GDP, and does not include Moody's warning: "The banking sector in Iceland represents the most burdensome contingent liability. Moody's considers the three large commercial banks in Iceland as "too big to fail," a concept that is not affected by the banks having been fully privatised, meaning that we would expect a very high degree of systemic support by the Icelandic authorities for the banks in the event of a stress situation. Given the scale of the banks' international operations, however, any systemic threat would prove extremely costly to the government if that eventuality were to materialize."
Of course if they had included all of this, the Minister of Finance would have appeared incompetent and they couldn't have written up such an overwhelmingly positive interpretation of the report.
Fréttablaðið says speculations are ridiculous
On the following day, April 10, Fréttablaðið covers Moody's report in an article called, "Ridiculous speculations." The article
Morgunblaðið says crisis is unlikely.
On April 9, Morgunblaðið reports, "New Moody's report says crisis unlikely." At once the headline sums up a rosy conclusion of a report from an agency that has recently downgraded Iceland's banks to C- and lowered Iceland's outlook to negative. The article begins by stating Iceland's exceptional quality in being the only Aaa ranked country with C- ranked banks, as if this was almost a good thing. It goes on to say, "the state of the banks is said to be concerning, but it's unlikely that they will be the cause an economic crisis." Additionally, it reports, "Minister of Finance Árni M. Mathiesen says discussions during the last two to three weeks have been moving in a positive direction. Moody's is very well acquainted with the country and their positive report should push discussions in that direction."
Thus, it's generally a positive report.
Morgunblaðið fails to mention that the banks are nine times Iceland's GDP, and does not include Moody's warning: "The banking sector in Iceland represents the most burdensome contingent liability. Moody's considers the three large commercial banks in Iceland as "too big to fail," a concept that is not affected by the banks having been fully privatised, meaning that we would expect a very high degree of systemic support by the Icelandic authorities for the banks in the event of a stress situation. Given the scale of the banks' international operations, however, any systemic threat would prove extremely costly to the government if that eventuality were to materialize."
Of course if they had included all of this, the Minister of Finance would have appeared incompetent and they couldn't have written up such an overwhelmingly positive interpretation of the report.
Fréttablaðið says speculations are ridiculous
On the following day, April 10, Fréttablaðið covers Moody's report in an article called, "Ridiculous speculations." The article
Morgunblaðið says crisis is unlikely.
On April 9, Morgunblaðið reports, "New Moody's report says crisis unlikely." At once the headline sums up a rosy conclusion of a report from an agency that has recently downgraded Iceland's banks to C- and lowered Iceland's outlook to negative. The article begins by stating Iceland's exceptional quality in being the only Aaa ranked country with C- ranked banks, as if this was almost a good thing. It goes on to say, "the state of the banks is said to be concerning, but it's unlikely that they will be the cause an economic crisis." Additionally, it reports, "Minister of Finance Árni M. Mathiesen says discussions during the last two to three weeks have been moving in a positive direction. Moody's is very well acquainted with the country and their positive report should push discussions in that direction."
Thus, it's generally a positive report.
Morgunblaðið fails to mention that the banks are nine times Iceland's GDP, and does not include Moody's warning: "The banking sector in Iceland represents the most burdensome contingent liability. Moody's considers the three large commercial banks in Iceland as "too big to fail," a concept that is not affected by the banks having been fully privatised, meaning that we would expect a very high degree of systemic support by the Icelandic authorities for the banks in the event of a stress situation. Given the scale of the banks' international operations, however, any systemic threat would prove extremely costly to the government if that eventuality were to materialize."
Of course if they had included all of this, the Minister of Finance would have appeared incompetent and they couldn't have written up such an overwhelmingly positive interpretation of the report.
Fréttablaðið says speculations are ridiculous
On the following day, April 10, Fréttablaðið covers Moody's report in an article called, "Ridiculous speculations." The article
Morgunblaðið says crisis is unlikely.
On April 9, Morgunblaðið reports, "New Moody's report says crisis unlikely." At once the headline sums up a rosy conclusion of a report from an agency that has recently downgraded Iceland's banks to C- and lowered Iceland's outlook to negative. The article begins by stating Iceland's exceptional quality in being the only Aaa ranked country with C- ranked banks, as if this was almost a good thing. It goes on to say, "the state of the banks is said to be concerning, but it's unlikely that they will be the cause an economic crisis." Additionally, it reports, "Minister of Finance Árni M. Mathiesen says discussions during the last two to three weeks have been moving in a positive direction. Moody's is very well acquainted with the country and their positive report should push discussions in that direction."
Thus, it's generally a positive report.
Morgunblaðið fails to mention that the banks are nine times Iceland's GDP, and does not include Moody's warning: "The banking sector in Iceland represents the most burdensome contingent liability. Moody's considers the three large commercial banks in Iceland as "too big to fail," a concept that is not affected by the banks having been fully privatised, meaning that we would expect a very high degree of systemic support by the Icelandic authorities for the banks in the event of a stress situation. Given the scale of the banks' international operations, however, any systemic threat would prove extremely costly to the government if that eventuality were to materialize."
Of course if they had included all of this, the Minister of Finance would have appeared incompetent and they couldn't have written up such an overwhelmingly positive interpretation of the report.
Fréttablaðið says speculations are ridiculous
On the following day, April 10, Fréttablaðið covers Moody's report in an article called, "Ridiculous speculations." The article
The diplomats have described Sweden’s Minister of Foreign Affairs, Carl Bildt as a “medium size dog with big dog attitude” (meaning that he is overconfident in his own power) who wants to play in the big league despite not being from an influental country.
The report also describes Bildt as an “arrogant nobleman” with “limited political abilities” who enjoys a “long leash” by Prime Minister Fredrik Reinfeldt.
The
Morgunblaðið says crisis is unlikely.
On April 9, Morgunblaðið reports, "New Moody's report says crisis unlikely." At once the headline sums up a rosy conclusion of a report from an agency that has recently downgraded Iceland's banks to C- and lowered Iceland's outlook to negative. The article begins by stating Iceland's exceptional quality in being the only Aaa ranked country with C- ranked banks, as if this was almost a good thing. It goes on to say, "the state of the banks is said to be concerning, but it's unlikely that they will be the cause an economic crisis." Additionally, it reports, "Minister of Finance Árni M. Mathiesen says discussions during the last two to three weeks have been moving in a positive direction. Moody's is very well acquainted with the country and their positive report should push discussions in that direction."
Thus, it's generally a positive report.
Morgunblaðið fails to mention that the banks are nine times Iceland's GDP, and does not include Moody's warning: "The banking sector in Iceland represents the most burdensome contingent liability. Moody's considers the three large commercial banks in Iceland as "too big to fail," a concept that is not affected by the banks having been fully privatised, meaning that we would expect a very high degree of systemic support by the Icelandic authorities for the banks in the event of a stress situation. Given the scale of the banks' international operations, however, any systemic threat would prove extremely costly to the government if that eventuality were to materialize."
Of course if they had included all of this, the Minister of Finance would have appeared incompetent and they couldn't have written up such an overwhelmingly positive interpretation of the report.
Fréttablaðið says speculations are ridiculous
On the following day, April 10, Fréttablaðið covers Moody's report in an article called, "Ridiculous speculations." The article
Morgunblaðið says crisis is unlikely.
On April 9, Morgunblaðið reports, "New Moody's report says crisis unlikely." At once the headline sums up a rosy conclusion of a report from an agency that has recently downgraded Iceland's banks to C- and lowered Iceland's outlook to negative. The article begins by stating Iceland's exceptional quality in being the only Aaa ranked country with C- ranked banks, as if this was almost a good thing. It goes on to say, "the state of the banks is said to be concerning, but it's unlikely that they will be the cause an economic crisis." Additionally, it reports, "Minister of Finance Árni M. Mathiesen says discussions during the last two to three weeks have been moving in a positive direction. Moody's is very well acquainted with the country and their positive report should push discussions in that direction."
Thus, it's generally a positive report.
Morgunblaðið fails to mention that the banks are nine times Iceland's GDP, and does not include Moody's warning: "The banking sector in Iceland represents the most burdensome contingent liability. Moody's considers the three large commercial banks in Iceland as "too big to fail," a concept that is not affected by the banks having been fully privatised, meaning that we would expect a very high degree of systemic support by the Icelandic authorities for the banks in the event of a stress situation. Given the scale of the banks' international operations, however, any systemic threat would prove extremely costly to the government if that eventuality were to materialize."
Of course if they had included all of this, the Minister of Finance would have appeared incompetent and they couldn't have written up such an overwhelmingly positive interpretation of the report.
Fréttablaðið says speculations are ridiculous
On the following day, April 10, Fréttablaðið covers Moody's report in an article called, "Ridiculous speculations." The article
Morgunblaðið says crisis is unlikely.
On April 9, Morgunblaðið reports, "New Moody's report says crisis unlikely." At once the headline sums up a rosy conclusion of a report from an agency that has recently downgraded Iceland's banks to C- and lowered Iceland's outlook to negative. The article begins by stating Iceland's exceptional quality in being the only Aaa ranked country with C- ranked banks, as if this was almost a good thing. It goes on to say, "the state of the banks is said to be concerning, but it's unlikely that they will be the cause an economic crisis." Additionally, it reports, "Minister of Finance Árni M. Mathiesen says discussions during the last two to three weeks have been moving in a positive direction. Moody's is very well acquainted with the country and their positive report should push discussions in that direction."
Thus, it's generally a positive report.
Morgunblaðið fails to mention that the banks are nine times Iceland's GDP, and does not include Moody's warning: "The banking sector in Iceland represents the most burdensome contingent liability. Moody's considers the three large commercial banks in Iceland as "too big to fail," a concept that is not affected by the banks having been fully privatised, meaning that we would expect a very high degree of systemic support by the Icelandic authorities for the banks in the event of a stress situation. Given the scale of the banks' international operations, however, any systemic threat would prove extremely costly to the government if that eventuality were to materialize."
Of course if they had included all of this, the Minister of Finance would have appeared incompetent and they couldn't have written up such an overwhelmingly positive interpretation of the report.
Fréttablaðið says speculations are ridiculous
On the following day, April 10, Fréttablaðið covers Moody's report in an article called, "Ridiculous speculations." The article
Morgunblaðið says crisis is unlikely.
On April 9, Morgunblaðið reports, "New Moody's report says crisis unlikely." At once the headline sums up a rosy conclusion of a report from an agency that has recently downgraded Iceland's banks to C- and lowered Iceland's outlook to negative. The article begins by stating Iceland's exceptional quality in being the only Aaa ranked country with C- ranked banks, as if this was almost a good thing. It goes on to say, "the state of the banks is said to be concerning, but it's unlikely that they will be the cause an economic crisis." Additionally, it reports, "Minister of Finance Árni M. Mathiesen says discussions during the last two to three weeks have been moving in a positive direction. Moody's is very well acquainted with the country and their positive report should push discussions in that direction."
Thus, it's generally a positive report.
Morgunblaðið fails to mention that the banks are nine times Iceland's GDP, and does not include Moody's warning: "The banking sector in Iceland represents the most burdensome contingent liability. Moody's considers the three large commercial banks in Iceland as "too big to fail," a concept that is not affected by the banks having been fully privatised, meaning that we would expect a very high degree of systemic support by the Icelandic authorities for the banks in the event of a stress situation. Given the scale of the banks' international operations, however, any systemic threat would prove extremely costly to the government if that eventuality were to materialize."
Of course if they had included all of this, the Minister of Finance would have appeared incompetent and they couldn't have written up such an overwhelmingly positive interpretation of the report.
Fréttablaðið says speculations are ridiculous
On the following day, April 10, Fréttablaðið covers Moody's report in an article called, "Ridiculous speculations." The article
