Monday, May 27, 2013

Hope for the Best

It was not a long ago when Iceland became the first country in northern Europe that needed international financial aid by IMF and other Nordic countries. Since then there has been tremendous changes in the country, well most of them were bad, tax rises, food price rise, pay cut you just name it. However, last year, I read the news in national newspaper that Iceland has paid back all the loans that was granted to Iceland back in 2008. Well, we had an general election recently, the coalition  government is formed. They have promised to ease the housing loan and help people from difficulty. The current Prime Minister even promised to write-off 25% on house loan - I am not sure how true is or this is fake promise. Well we will have to wait and see. Many people are not very optimistic about their new promises. But, personally I am positive and hoping they will bring the country in right direction.