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‘We don’t do bitcoin’: Denmark’s finance regulator exempts crypto-currencies from its function

‘We don’t do bitcoin’: Denmark’s finance regulator exempts crypto-currencies from its function December 17, 2013 The Financial Supervisory Authority of Denmark has issued a statement warning against the use of bitcoin, litecoin and the like as “unsafe”, but also saying they will not be regulating crypto-currencies exchanges should they appear. In total, Tuesday’s statement echoed… Continue Reading

Talvivaara wins court approval on debt restructuring

Talvivaara wins court approval on debt restructuring HELSINKI Tue Dec 17, 2013 Dec 17 (Reuters) – Talvivaara won court approval to restructure the entire company’s debt, allowing the nickel miner to continue production and helping it fend off bankruptcy. Talvivaara, hurt by falling nickel prices and chronic production….” http://www.reuters.com/article/2013/12/17/finland-talvivaara-idUSWEB00FWG20131217?feedType=RSS&feedName=bankruptcyNews

Icelandic ‘banksters’ get jail time over Kaupthing fraud

Icelandic ‘banksters’ get jail time over Kaupthing fraud December 13, 2013 Four bosses of Iceland’s failed Kaupthing Bank face prison terms of between three and five years and must pay millions of pounds in legal costs. They were convicted of fraud ahead of the collapse of the country’s biggest bank in October 2008. This is… Continue Reading

Insight: Sweden rethinks pioneering school reforms, private equity under fire

Insight: Sweden rethinks pioneering school reforms, private equity under fire By Niklas Pollard STOCKHOLM Tue Dec 10, 2013 (Reuters) – When one of the biggest private education firms in Sweden went bankrupt earlier this year, it left 11,000 students in the lurch and made Stockholm rethink its pioneering market reform of the state schools system.… Continue Reading

Iceland thumbs nose at international opposition to advance $1.2 billion debt relief plan

Iceland thumbs nose at international opposition to advance $1.2 billion debt relief plan December 01, 2013 Iceland’s government has announced that it will be writing off up to 24,000 euros ($32,600) of every household’s mortgage, fulfilling its election promise, despite overwhelming criticism from international financial institutions. The measure was introduced by the country’s prime minister,… Continue Reading

Iceland Unveils Household-Debt Relief Program

Iceland Unveils Household-Debt Relief Program By Lára Hilmarsdóttir | Nov. 30, 2013 5:40 p.m. ET REYKJAVIK, Iceland—Iceland’s government unveiled a 150 billion Icelandic kronur ($1.25 billion) household-debt relief program Saturday, with the plan calling for increased taxes on the financial-services industry to help fund mortgage write-downs for Icelanders equivalent to several thousand dollars per mortgage… Continue Reading

Finland Seeks to Fix Gap in Public Finances

Finland Seeks to Fix Gap in Public Finances Measures Will Slim Down One of the Most Robust Social Safety Nets in the World By Juhana Rossi | Nov. 29, 2013 HELSINKI—Finland on Friday unveiled a wide-ranging plan aimed at repairing a growing gap in public finances and boosting growth, as the Nordic nation has seen… Continue Reading

UPDATE 2-Finnish court agrees Talvivaara restructuring

UPDATE 2-Finnish court agrees Talvivaara restructuring Fri Nov 29, 2013 | By Jussi Rosendahl HELSINKI, Nov 29 (Reuters) – Finnish nickel miner Talvivaara won court approval on Friday to begin a restructuring process aimed at fending off bankruptcy, sending its shares up 71 percent as investors hoped the undertaking would set the company back on… Continue Reading

Finnish unemployment rate rises to 8.2 per cent in October

Finnish unemployment rate rises to 8.2 per cent in October By Reuters | 26 Nov, 2013 HELSINKI:Finland’s seasonally adjusted unemployment rate rose to 8.2 per cent in October from 8.1 percent in the previous month, Statistics Finland (SF) said on Tuesday. Finnish companies including mining technology firm Outotec and engineer Metso have announced major job… Continue Reading

Debt Is Failing as a Driver of Economic Growth

Debt Is Failing as a Driver of Economic Growth Submitted by Phoenix Capital Research on 11/25/2013 The US is heading towards a debt crisis. Today, the US’s Debt to GDP ratio stands at over 105% (debt of $16.7 trillion on a GDP of $15.68 trillion). The only other ….” http://www.zerohedge.com/contributed/2013-11-25/debt-failing-driver-economic-growth