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Watch an audio slideshow of how traditional Icelandic rhubarb stew is made. Rhubarb is one of the few vegetables that grows effortlessly in Iceland and for that reason it used to be a highly-valued addition to the traditional diet of fish and lamb.
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Creditors in the now defunct Icelandic bank Glitnir are reviewing a composition agreement to hand the bank to its bondholders.
Photo copyright Icelandic Photo Agency.
The winding-up committee’s proposal is reportedly supported by the bank’s bondholders, though formal approval has not yet been given.
The Government of Iceland said yesterday that it is seeking to pass a bill allowing it to sell its stakes in Glitnir (now Íslandsbanki), Landsbanki and Kaupþing (now Arion Bank), businessweek.com reports.
After the 2008 banking collapse, the Icelandic government transferred domestic accounts from Glitnir to state-created lender Islandsbanki. Creditors received a 95 percent stake in Islandbanki. The agreement would mean that creditors would receive payments from the estate.
ZR
On the way back to Reykjavík following this morning's news conference, at which the new government agreement was formally presented, the next Prime Minister of Iceland, Sigmundur Davíð Gunnlaugsson, and his assistant, Jóhannes Þór Skúlason, who was driving, were stopped for speeding.
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Leader of the Progressive Party, Sigmundur Davíð Gunnlaugsson, who held the mandate to lead coalition talks, presented the government agreement between the Progressive Party and Independence Party to the President of Iceland Ólafur Ragnar Grímsson at the presidential residence Bessastaðir this morning.
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The chairmen of the Independence Party and Progressive Party, Bjarni Benediktsson and Sigmundur Davíð Gunnlaugsson, formally presented the government agreement to the public at a press conference shortly after 11 am this morning.
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The party council of the Independence Party and central committee of the Progressive Party unanimously accepted the government agreement negotiated by their respective chairmen, Bjarni Benediktsson and Sigmundur Davíð Gunnlaugsson, yesterday evening.
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The 2013 April-May issue of Iceland Review & Atlantica has been released. Packed with informative and entertaining stories, highlights include an interview with outgoing Prime Minister Jóhanna Sigurðardóttir and the people who know her best, a photo essay of ice caves in Europe’s largest glacier and a colorful feature on life in the West Fjords.
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REVIEWS
Interwined at the Einar Jónsson Museum is a group exhibition by the first Master students (Class of 2014) from the Iceland Academy of the Arts. The site-specific 21st century artworks delightfully freshen up the interior in the home and studio of the famous 20th century Icelandic sculptor.
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Artist couple Nína Ivanova and Ómar Smári Kristinsson explain why they decided to settle in the West Fjords’ capital.
Reykjavík Queer Choir’s annual spring concert takes place on Friday, May 24.
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