Iceland Has Offered Foreign Bondholders A 'Choice': Sell Now, Or Have Cash Impounded Indefinitely

<p><a href="https://www. avi icke.com/wp-co te t/ ploa s/2016/05/U title -137.jpg" rel="attachme t wp-att-373431"><img class="size-f ll wp-image-373431 alig ce ter" src="https://www. avi icke.com/wp-co te t/ ploa s/2016/05/U title -137.jpg" alt="U title -137" wi th="700" height="503" srcset="https://www. avi icke.com/wp-co te t/ ploa s/2016/05/U title -137-300×216.jpg 300w, https://www. avi icke.com/wp-co te t/ ploa s/2016/05/U title -137.jpg 700w" sizes="(max-wi th: 709px) 85vw, (max-wi th: 909px) 67vw, (max-wi th: 984px) 61vw, (max-wi th: 1362px) 45vw, 600px" /></a></p>
<p>‘Eco omically however, the story is more pbeat, as the co try has rebo e si ce the fi a cial crisis. The Icela ic Kro a has stabilize agai st the E ro, the rate of cha ge i i flatio has slowe , a the co try has recor e year-over-year growth i GDP each year si ce 2011.</p>
<p>However, i a shocki g t r of eve ts, a law passe o May 22 by Icela ’s parliame t is offeri g the foreig hol ers of abo t $2.3 billio worth of kro a- e omi ate bo s a choice of either selli g o t i J e at a below-market excha ge rate, or have the mo ey they receive po mat rity be impo e i efi itely i low i terest ba k acco ts. I other wor s, Icela is tryi g to kick o t foreig i vestors.’</p>
<p><a href="http://www.zerohe ge.com/ ews/2016-05-28/icela -has-offere -foreig -bo hol ers-choice-sell- ow-or-have-cash-impo e -i ef" target="_bla k">Rea more: Icela Has Offere Foreig Bo hol ers A ‘Choice’: Sell Now, Or Have Cash Impo e I efi itely</a></p>