tag:blogger.com,1999:blog-30761342.post6956456999170124317..comments2023-11-09T00:37:40.824-08:00Comments on Fosco Lives!: The Iceland Saga, Part OneFOSCOhttp://www.blogger.com/profile/07238391886095765453noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-30761342.post-30772838818293796122009-03-11T11:18:00.000-07:002009-03-11T11:18:00.000-07:00http://www.vanityfair.com/politics/features/2009/0...http://www.vanityfair.com/politics/features/2009/04/iceland200904?printable=true&currentPage=allAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-30761342.post-70982724001366457682009-03-11T10:33:00.000-07:002009-03-11T10:33:00.000-07:00@Anon: Of course! [Sound of Fosco slapping his fo...@Anon: Of course! [Sound of Fosco slapping his forehead.] Thank you.<BR/><BR/>@Egill: Ah, that's good news about the IMF loan. Those things always seem to come with nasty strings. And I'm glad to hear about the optimism. Maybe I'll still be able to move to Reykjavik someday...FOSCOhttps://www.blogger.com/profile/07238391886095765453noreply@blogger.comtag:blogger.com,1999:blog-30761342.post-28900711998230627912009-03-11T09:35:00.000-07:002009-03-11T09:35:00.000-07:00Actually, the IMF loan will probably not be used. ...Actually, the IMF loan will probably not be used. It is thought as a reserve that could be drawn upon in a state of desperate need which will probably not happen. The fact that it is available kind of stabalizes the currency market and lends it credicility. It just lies now in a bankaccount in the states.<BR/><BR/>Another thing, the minister of finance, Gylfi, recently said that the shortterm debts of Iceland seems to be for the short term about 1 GDP, but that will go down quickly and for the long term it will be about 0,5 times the GDP. That is actually pretty good for a weastern european nation so things are in fact not that bleak over here. <BR/><BR/>The people that were hit worst were the ones that took mortages in foreign currency. The press of course dramatises that alot like everyone has it, but that is soooo far from it. I think people are getting more and more optimistic over here.Anonymoushttps://www.blogger.com/profile/11129811957892298060noreply@blogger.comtag:blogger.com,1999:blog-30761342.post-37866177789384347432009-03-11T06:49:00.000-07:002009-03-11T06:49:00.000-07:00Very interesting post. I believe "Darling" may re...Very interesting post. I believe "Darling" may refer to Alistair Darling, who is Chancellor of the Exchequer.Anonymousnoreply@blogger.com