Results for Tag "iceland"

Iceland forgives mortgage debt to save its economy

com " target="_blank">following protests by Icelanders in 2008-2009 who were angry at the country's leaders and bankers for its fiscal and economic collapse.In the ensuing months, Iceland banks have forgiven loans equaling 13 percent of the country's annual gross domestic product, which has eased the debt burden for more than 25 percent of Iceland's population, according to a February report published by the Icelandic Financial Services Association.