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2008 in Iceland

From Wikipedia, the free encyclopedia

2008
in
Iceland

Decades:
See also:

The following lists events that happened in 2008 in Iceland.

Incumbents

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Events

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May

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  • May 29 - A strong earthquake measuring 6.1 on the Richter scale strikes Iceland near the town of Selfoss.

September

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  • September 29 - The government of Iceland takes control of the country's number three bank, the struggling Glitnir Bank.

October

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  • October 7 - Subprime mortgage crisis
    • Russia agrees to provide Iceland with emergency loans of 4 billion euros ($5.4 billion).
    • Iceland's Financial Supervisory Authority takes control of troubled Landsbanki Bank.
  • October 9 - Kaupthing Bank, Iceland's largest bank, is nationalized by the country's Financial Supervisory Authority.
  • October 21 - Iceland's Kaupthing Bank fails to pay interest to its 50-billion-yen (US$493 million) bondholders in Japan.
  • October 29 - Danish-based low-cost carrier Sterling Airlines files for bankruptcy and stops all passenger flights after its cash-strapped Icelandic investors were unable keep the company afloat.

November

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  • November 19 - The International Monetary Fund approves a US$2.1 billion rescue package for Iceland following its financial crisis.