Loans to be Corrected by ISK 1.35 Million on Average

The average write-off under the government’s debt cancelation plan, which aims to correct indexed mortgages for the effects of inflation in 2008 and 2009, will be ISK 1.35 million (USD 11,000, EUR 8,800) per household, as announced in a press conference this afternoon.

Court Orders Closure of Torrent Websites

Reykjavík District Court has ordered an injunction on access by internet users of telecommunications companies Vodafone and Hringdu to the torrent websites , , , and .