Iceland does not fulfil the terms of the EEA contract and has not done so since the emergency finance laws were passed last autumn, says Eirikur Bergmann, professor and head of the European Studies Centre at Bifrost University. The European Union should by rights have cancelled the EEA deal already but has not because Iceland is applying to join the EU, Bergmann told Frettabladid. If Iceland chooses not to proceed with its EU application before coming to a mutually agreeable Icesave conclusion, then the EU executive will have little choice but to end Iceland’s EEA membership.“Iceland has two main options. One is to confirm the Icesave law, take a full part in international co-operation and enjoy the support of the free market. The other is to withdraw ourselves from the international financial system, not pay Icesave and keep our currency exchange restrictions. I cannot say which option is best,” Bergmann said. Kristjan Vigfusson, adjunct and head of European Studies … [Read more...] about Professor: Iceland’s place in EEA endangered by Icesave
The case is being looked into because the circumstances are unprecedented. The Icesave loan contract has no expiry date and will cost ISK 100 million in interest every day – ISK 3 billion a month. The total loan amount is equivalent to half of Iceland’s 2009 GDP (predicted by the Central Bank of Iceland).The group of lawyers would like it decided in court whether a government in Iceland can legally sign off on such a deal, or if there is a limit on how much one government can borrow. Eirikur S. Svavarsson is one of the lawyers in the group. He told Stod 2 News that the government has, for the second time, overextended its authority in the Icesave issue by signing the new bill last week. He claims government officials also had no right to sign the original deal back in June – which was later amended by parliament and then by British, Dutch and Icelandic negotiators and is now back in parliament as a new piece of legislation. By signing the two contracts, the government … [Read more...] about Icelandic lawyers to sue Icelandic government over Icesave?
Published April 6, 2018 Rats are controversial. While they are some of the most intelligent animals around, with the ability to strategise, empathise, and even feel regret, they are also disgusting ugly vermin that spread unhappiness and the black plague. Unfortunately, the great nation of Iceland is not immune to these horrifying world conquerors. Reykjavík is actually overrun by them, in greater numbers than goreötex clad tourists. Bad ’n boujee Icelandic rats, much like Pennywise, get around town through the Reykjavík sewage system. Through the pipes of houses, the little intruders climb up and reek havoc on the sanity of homeowners and renters alike. The bitches are able to get all the way up to even fifth floors, so unless you have no bathroom or running water, you, my friend, are living in perpetual danger. The biggest hotspot for the disgusting regretful rodents is Vesturbær. This is potentially because rats are bougie as hell and enjoy gourmet grocery … [Read more...] about Beasts Of Iceland: Rats
When the glacial waters washed away the road bridge over Mulahvisl, the idea of a temporary bridge quickly became popular among locals and members of the tourism industry. However, national roads administration engineers now say that a temporary bridge is not safe or practical on the glacial flood plain. Instead they have rushed in machinery and cancelled workers’ summer leave to start building a permanent replacement right away. Construction will continue round the clock and the new road is expected to open in two-to-three weeks. This has left South Iceland tourism workers worried at losing out on millions of kronur in passing trade; as driving around the ring road is a popular choice among thousands of tourists every year. In the meantime, the beautiful mountain route inland to the north of the Vatnajokull glacier is open to 4×4 vehicles. And a specially equipped bus and trucks have started a free service ferrying smaller two-wheel-drive cars and their passengers over the … [Read more...] about Ring road repairs in South Iceland underway following Katla flood
A proposed shooting range in the Borgarbyggð municipality in West Iceland is facing opposition from some residents, due to its potential proximity to outdoor recreation areas and horse farms, RÚV reports. Local authorities approved an initial proposal for rezoning land not far from the town of Borgarnes. Community review of the proposal yielded nine comments and 125 signatures, which primarily voiced concern about the shooting range’s location. Questions have also been raised as to whether the sound of gunshots on the range would cause any disturbances. According to Þórður Sigurðsson, the chairman of the West Iceland Shooting Association, however, precautions such as noise barriers and rifle silencers would prevent significant noise pollution. If the zoning proposal is approved, the shooting range will still be subject to conditions aimed at ensuring the utmost possible safety for people on and around the range, as well as coming to a satisfactory … [Read more...] about West Iceland Shooting Range Faces Opposition