Iceland

Reykjavik Rising: Iceland’s Untold Uprising

April 19, 2016 Danny Mitchell, www.roarmag.org Resist! Iceland, Uprising

By Danny Mitchell for ROAR Magazine - October 2008, Iceland was hit by one of the worst financial disasters any nation in the world had ever experienced. In response, citizens took to the streets in what has since become known as the “Pots and Pans Revolution”. In response to widespread media silence and a budding wave of popular movements, this documentary explores how and why the people of Iceland resisted the measures imposed by their government following the crisis of 2008 and how they forced their government to resign in an attempt to forge a new political path.

Panama Papers: Iceland Prime Minister Resigns After Leak

April 6, 2016 Staff, www.icelandmonitor.mbl.is Resist! Iceland, Leak, Panama Papers

By Staff of Iceland Monitor - Members of the Progressive Party have agreed at a party meeting today that Sigmundur Davíð Gunnlaugsson should stand aside as PM of Iceland. The proposal to stand down as PM reportedly came from Gunnlaugsson himself. The meeting has proposed Sigurður Ingi Jóhannsson, currently Minister for Fisheries and Agriculture, as new Prime Minister of Iceland. The decision taken by the party only affects Gunnlaugsson’s status as Prime Minister. He remains the leader of the party.

Breaking: Iceland PM Resigns Over Panama Papers

April 5, 2016 Staff, www.france24.com Educate! Big Banks, Corruption, Finance and Economy, Government, Iceland

By France 24 Europe. "The prime minister told (his party's) parliamentary group meeting that he would step down as prime minister and I will take over," the deputy leader of Iceland's Progressive party and Agriculture Minister Sigurdur Ingi Johannsson told a live broadcast. Gunnlaugsson, 41, had been under pressure to resign after the leaked documents revealed that he and his wife Anna Sigurlaug Palsdottir owned an offshore company in the British Virgin Islands and had placed millions of dollars there. Iceland’s opposition party filed a motion of no-confidence on Monday as thousands of protesters gathered in front of parliament, hurling yogurt, eggs and bananas and demanding the departure of the leader of the centre-right coalition government, in power since 2013.

Eggs Fly In Iceland As Panama Papers Spark Populist Anger In Streets

April 5, 2016 Lauren McCauley, www.commondreams.org Resist! Capitalism, Iceland, Panama Papers, Populism

By Lauren McCauley for Common Dreams - Foretelling the kind of public backlash other ultra-rich tax dodgers can expect following the weekend release of the so-called Panama Papers, tens of thousands of Icelanders rallied in Reykjavik on Monday demanding the resignation of Prime Minister Sigmundur Davíð Gunnlaugsson. Gunnlaugsson is just one of the officials facing reprisal after a massive leak of 11.5 million documents from the global law firm Mossack Fonseca revealed a rigged system of elites who use shell companies in offshore tax havens to stash untold fortunes.

Iceland Sentences 26 Corrupt Bankers To 74 Years In Prison

January 16, 2016 Grouch E. Geezr, www.americannewsx.com Educate! Accountability, Banks, Finance and the Economy, Iceland

By Grouch E Geezr for AmericanNewsX.com. Iceland just sentenced their 26th banker to prison for his part in the 2008 economic collapse. The charges ranged from breach of fiduciary duties to market manipulation to embezzlement. When most people think of Iceland, they envision fire and ice. Major volcanoes and vast ice fields are abundant due to its position on the northern part of the Mid-Atlantic Ridge. (A hot July day in Reykjavik is around 55 degrees.) However, Iceland is also noted for being one of the Nordic Socialist countries, complete with universal health care, free education and a lot other Tea Potty nightmares.

Iceland Sentences Bank CEOs To Prison

October 24, 2015 James Woods, www.usuncut.com Educate! Banks, Iceland

By James Woods for US Uncut - In a move that would make many capitalists’ head explode if it ever happened here, Iceland just sentenced their 26th banker to prison for their part in the 2008 financial collapse. In two separate Icelandic Supreme Court and Reykjavik District Court rulings, five top bankers from Landsbankinn and Kaupping — the two largest banks in the country — were found guilty of market manipulation, embezzlement, and breach of fiduciary duties. Most of those convicted have been sentenced to prison for two to five years. The maximum penalty for financial crimes in Iceland is six years, although their Supreme Court is currently hearing arguments to consider expanding sentences beyond the six year maximum.

Iceland Jails Some Bankers

February 18, 2015 Jón Benediktsson, www.grapevine.is Organize! Banking, Corruption, Iceland

The former CEO of Kaupþing, former chairman of the board of Kaupþing, former CEO of Kaupþing Luxembourg and former owner of 10% of Kaupþing all got sentenced to prison today by the supreme court of Iceland, reports Kjarninn. Former CEO Hreiðar Már Sigurðsson recieved five and a half years, minus time already spent in custody. Magnús Guðmundsson former CEO of Kaupþing Luxembourg and Ólafur Ólafsson former 10% owner of Kaupþing got harsher senteces than in Reykjavík District Court, both getting four and a half years. Former chairman of the board Sigurður Einarsson, hower, got four years.

Iceland’s Hidden Elves Delay Road Projects

December 25, 2013 Jenna Gottlieb, www.huffingtonpost.com Resist! Environment, Iceland

Elf advocates have joined forces with environmentalists to urge the Icelandic Road and Coastal Commission and local authorities to abandon a highway project building a direct route from to the tip of the Alftanes peninsula, where the president has a home, to the Reykjavik suburb of Gardabaer. They fear disturbing elf habitat and claim the area is particularly important because it contains an elf church. The project has been halted until the Supreme Court of Iceland rules on a case brought by a group known as Friends of Lava, who cite both the environmental and the cultural impact — including the impact on elves — of the road project. The group has regularly brought hundreds of people out to block the bulldozers.

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