General overview

Below is an overview of the reports content:

1 What happened?
1.1 What Was Done – Restructuring of the Banking System
1.2 What Happened to the Icelandic Banks Abroad?
1.3 The use of anti-terrorism act and the apology

2 International Monetary Fund (IMF)

3 Foreign Exchange Markets
3.1 Unrestricted trade of goods and services

4 Political Environment: New Government in the spring of 2009
5 The State of the Icelandic Economy
5.1 Economic Indicators and Future Prospects

6 Iceland’s debt
6.1 Public debt
6.2 Household debt
6.3 Corporate debt
6.4 Foreign debt of Iceland

7 Iceland in an International Comparison
7.1 The 12 Pillars of Competitiveness

8 Weaknesses of the Economy
8.1 Capital markets in Iceland

9 Political environment
9.1 Long term economic plan introduced - Iceland 2020

10 Bank Reconstruction Concluded
10.1 Overview of the restructured banks
10.2 Icelandic Banking Agency
10.3 Restructuring of the savings banks

11 The Icesave Dispute
11.1 The August 2009 Icesave Act
11.2 The December 2009 Act
11.3 The December act was not confirmed by the President
11.4 A Negotiation Committee Formed
11.5 First Icesave referendum
11.6 An agreement reached
11.7 A second Icesave referendum - April 2011

12 The IMF Program
12.1 The 1st review approved in October 2009
12.2 The 2nd review approved in April 2010
12.3 The 3rd review in September 2010
12.4 The 4th review concluded in January 2011

13 The Central bank and Monetary policy
13.1 Monetary policy from late 2008 until November 2010
13.2 Review of the Monetary Policy Framework
13.3 Other matters relating to the Central bank

14 The Capital Restrictions and foreign exchange markets
14.1 Developments from October 2010 until March 2011
14.2 Liberalization plan introduced in March 2011
14.3 Additional information

15 The European Union: Application in Process
15.1 Chief negotiator appointed in November 2009
15.2 European Commission Delegation Establishment
15.3 Changes from January until May 2010
15.4 Progress from June until March 2011 - Candidate status achieved

16 Supreme Court decision on the legality of loans indexed to foreign currency
16.1 Guidelines from the Central Bank
16.2 District and Supreme Court rulings

17 The State treasury
17.1 Lower deficit than expected in both 2009 and 2010
17.2 Fiscal budget for 2011
17.3 Medium-term Fiscal Plan - Through 2014
17.4 An example of a few Policy actions

18 Other initiatives, reports and measures

19 The Labour market
19.1 The stability pact
19.2 Discussions ongoing in April 2011

20 Investigation commission report on the collapse of Icelandic banks
20.1 Main findings

21 Constituent Assembly and National Gathering
21.1 National gathering
21.2 Constituent assembly
21.3 Constitutional Council founded

22 The Eruption comes to an end

23 Iceland´s Future is Bright

Appendices
Appendix 1: Timeline of the Icelandic Financial Crisis
Appendix 2: More on the Emergency Bank Act
Appendix 3: Q&A About Foreign Exchange Matters
Appendix 4: New Act on the Central Bank of Iceland
Appendix 5: The IMF Loan Package and Other Financing
Appendix 6: More information on the IMF program
Appendix 7: Macroeconomic Forecasts and Other Data Sources
Appendix 8: Icesave Timeline
Appendix 9: Icesave issue - Background material
Appendix 10: Impact of Icesave on credit ratings