The opinions and “facts” reported in the Icelandic and international media on the current situation in the Icelandic economy have been almost as varied as the opinions and “facts” expressed on online public comment forums over the last few days.
The only real fact we know is that nobody really knows what’s going on just at the moment. And there’s the disturbing realisation dawning that this might also include some of the people we’re all looking to for answers.
The IMF has delayed its decision on Iceland’s USD 2.1 billion loan request yet again. This time apparently because they want Iceland to secure the remaining four billion of its desired six billion before they approve it – despite already knowing full well that other potential lenders are holding their money back until the IMF approves their loan.