All Icelanders receive money after government takes over ownership of bank

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Every Icelander will receive about US$232,802 for the sale of one of the country’s three largest banks, Islandsbanki.

Creditors of the failed bank proposed the nationalisation of Islandsbanki, in which they hold a majority stake. The move will help Iceland lift capital controls imposed after the 2008 financial meltdown and will give Icelanders a fair share of the failed bank’s sale.

Finance Minister Bjarni Benediktsson announced in late October that the government will take “some decided portion, five per cent, and simply hand it over to the people of this country.” Icelanders took control of their government, so they now own the banks.
Read more at www.australiannationalreview.com

The BBC here in the UK never ran this story. I guess they do not want us to know.

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Published in: on November 11, 2015 at 14:54  Leave a Comment  
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