Iceland

The legislature of Iceland has decided that foreign investment is no longer paramount to the development and prosperity of the island country. On May 22 of this year, the Parliament passed a new law concerning government bonds that are coming due. The aim of officials in Iceland is to prevent the domestic economy worth $16.7 billion USD (United States Dollar) from being overwhelmed from the massive inflow of capital. Although Iceland is a rather small country with just 327,386 inhabitants, it has […]