Björgúlfur Gudmundsson ,declared banckrupt today

Björgúlfur Gudmundsson,was declared banckrupt today by an Icelandic court.
Björgúlfur,father of Björgúlfur Thor Björgúlfsson, has been a big name in the Banking industry in Iceland.
He was in the Samson group,that bought 45 percent in Landsbankinn .
He was also a big financier in the buying of the english football club ,West Ham.

Björgúlfur was on the Forbes list of the riches people on earth,and he was valued at 1.2 billion US dollars.
His son,Björgúlfur Thor,was also on Forbes list over the wealthiest men on earth.

Here is a link to Forbes magazine article about him

Photos: Top Björgúlfur Thor
below Börgúlfur Gudmundsson

Big money in Icelands CEO´s

According to a local newspaper ,DV,Ólafur Ólafsson of Samskip,had his money in Kaupthing in Luxemburg.
And just before the Banking Crash last fall,he moved part of it ,into Goverment Bonds.
Wekk after he did that,Kaupthing was nationalized by the Icelandic Goverment.

Now the goverment is sending out Tax returns to the people of Iceland.
The tax returns are public,so the newspapers can check out how musch money people are baing paid.
Union leaders are taking over a million kronas per month.

Hreiðar Már Sigurðsson,former CEO of Kaupthing ,had ,according to his Tax returns,35.817.597 kronas,per month.

Sigurjón Þ. Árnasson ,former CEO of Landsbanki,had 22.899.141 kronas.

The foreing exhange rate is today : 1 USD = 128 kronas
1 Euro = 182 kronas



Photos:
top : Sigrjón Þ. Árnasson
middle: Hreiðar Már Sigurðsson
below: Ólafur Ólafsson

Is Holland planning to invade Iceland ?

A Dutch web page ,a humor and joke page ,Hersenscheet , has started a campaign,to invade Iceland under the slogan IceSayNo .
According to them,Iceland must make big changes ,before Iceland can join the EU.

Hersenscheet has sent to the Dutch representatives in Brussels their propositions ,and also plans on invading Iceland.
They also say that the ICelandic army is a joke .
And that is correct ,Iceland does not have a army of any kind.,Hersenscheet , has started a campaign,to invade Iceland under the slogan IceSayNo .
According to them,Iceland must make big changes ,before Iceland can join the EU.


Hersenscheet has sent to the Dutch representatives in Brussels their propositions ,and also plans on invading Iceland.
They also say that the ICelandic army is a joke .
And that is correct ,Iceland does not have a army of any kind.

Here is a links to Hersenscheet

IceSayNo

Iceland invasion plans

Iceland in EU ,earthquake and more

Today the unemployment is at 16.500 people with out a job.
The foreign secretaries of the Europian Union, decided to send the Icelandic application for membership to the EU, to the EU commison,the EU executive branch.
This will start the process,that can take three to four years.

And a few weeks ago ,in a Icelandic magazine ,a lady that claims to see into the future,sayd ,that on the 27th of july ,2009, a big earthquake will be in the soutwest part of ICeland ,and she also a gave a time on it,at 23:15 hours .
She is said to have predicted the earthquake in 2000 ,wich was 6.5 on the Richter scale.

Britain humiliates Iceland ?

In the agrreement between the Icelandic and British goverment about the Icesave account,there is a clause that says that Iceland must pay for the cost that the British goverment ,due to the Icesave accounts.
This means ,that Iceland has to pay for the cost ,that the British goverment had to pay to work on the Icesave accounts.
That means that Iceland must pay the legal bill,that the British goverment claims that they have spent on.
Iceland has to pay 2 billion kronas to the British goverment for the cost of contacting the Icesave acoount owners in Britain.
.
Bjarni Benediktsson ,the leader of the Independent party,looks on this clause ,as a humiltion for the Icelandic goverment -

Photo: Bjarni Benediktsson

Iceland parliement in recess - back in august

Icelands parliement ( Althingi ) is now in recess ,until after the mearchant holiday weekend .
This will give the select committie more time to discuss the Iceasave agreement.
The Icesave aggrement is about paying account owners in Holland and England,the sum of 650 billion kronas.
Members of parliement do not all agree on why the goverment should pay the debt of a Private Bank .
Parliement will come from back recess on the 4th of august.

Norwegian bank stops loaning Icelandic companys.

A Norwegian Investment Bank has stopped loaning money to Icelandic companys.
The Bank thinks that the risks in loaning to Icelandic companys is to high.
Last year the Bank lost 145 million Euros.
Half of the loss is traced to ICelandic companys.

If Iceland agrees on paying the Icesave accounts in Europe,that could change the policy of the bank towards Icelandic companys.
A board member in the Bank ,says that it is not about companys credibility,it is about the credibilty of Iceland.