Iceland and the International Monetary Fund Intent. The conditionalities include details of Banking Sector restructuring, changes to Fiscal Policy including government austerity and changes to exchange rate policies. Following the global financial crisis in 2007-2008 Iceland's banking sector collapsed leading to wide ranging unemployment and a lessening of support for the Icelandic currency - the Icelandic Krona ISK. This was triggered by an insolvency of the private banking sector. The largest Icelandic banks had liabilities in excess of 80 percent of GDP . Iceland requested assistance from the IMF and from its Nordic partners in the Nordic Council. The goal of Iceland in this market intervention
Military history of Iceland its services under the command of the Coast Guard or National Police. To save money and to restore the primary role of the Icelandic Coast Guard in defense, the Defence Agency was shut down on January 1, 2011. Iceland Air Meet 2014 hosted NATO and other Nordic countries for the first time. Military history of Iceland This is a brief overview of historical warfare and recent developments in what today constitutes the Republic of Iceland. In the period from the settlement of Iceland, in the 870s, until it became part of the realm of the Norwegian King, military defences of