Financial Industry: how Iceland deals with "too big to fail" banks :" we shouldn’t lose the banks to the hands of fools”

If Bjarni Benediktsson, Finance Minister has his way, Icelanders will receive kr 30,000 after their government has ownership of the bank. Íslandsbanki will be the second largest bank, of three, under Statero prietorship.

Benediktsson stated, “I am saying that the government take [sic] some decided portion, 5%, and simply hand it over to the people of this country.”

Since the government is under the control of Icelanders, they own the banks.  Bjarni believes that their economy will be fueled by foreign capital that will be brought into the country, which still remains the only European nation that has fully recovered from the 2008 crisis. Iceland was even able to pay its outstanding debt to the IMF before its due date.

Budget Committee vice chairperson, Guðlaugur Þór Þórðarson, explained that this move will ease the lifting of capital controls, even though he’s not entirely sure that State ownership is the ideal solution.

Steingrímur J. Sigfússon, former Finance Minister, agrees with Þórðarson stating in a radio show, “we shouldn’t lose the banks to the hands of fools” and that a shift in focus to separate “commercial banking from investment banking” would benefit Iceland.

Read more: First They Jailed the Bankers, Now Every Icelander to Be Paid in Bank SaleREALfarmacy.com | Healthy News and Information

Gay Community: Slovenians reject same-sex marriage in referendum

Slovenians rejected a same-sex marriage law by a large margin in a referendum on Sunday, according to preliminary referendum results.

The results released Sunday by authorities show 63 percent voted against a bill that defines marriage as a union of two adults, while 37 percent were in favor.

The results were incomplete, but were unlikely to change significantly in the final tally.

Parliament introduced marriage equality in March, but conservative groups, backed by the Catholic Church, pushed through a popular vote on the issue.

Read more: Europe - Slovenians reject same-sex marriage in referendum - France 24

The Netherlands: Dutch courts to judge Shell in landmark oil spill case - by Jan Hennop

A Dutch appeals court ruled Friday that four Nigerian farmers may take their case against oil giant Shell to a judge in the Netherlands, in a landmark ruling involving multinational corporate governance.

"The Dutch courts and this court consider it has jurisdiction in the case against Shell and its subsidiary in Nigeria," Judge Hans van der Klooster said at the appeals court in The Hague.

The four farmers and fishermen, backed by the Dutch branch of environmental group Friends of the Earth, first filed the case in 2008 against the Anglo-Dutch company in a court case thousands of kilometres (miles) from their homes.

They want Shell to clean up devastating oil spills in four heavily-polluted villages in the west African country's oil-rich Niger Delta, prevent further spills and pay compensation.

Read more: Dutch courts to judge Shell in landmark oil spill case - Yahoo New

EU Migrant crisis: EU border security becomes new mantra -by Laurence Peter

It is often said that crises in the EU give an impetus for further integration - "more Europe".

There was a new example of that at this week's Brussels summit.

EU leaders agreed on the need for a new "European Border and Coast Guard", with greater powers and resources than the current Frontex border agency.

The European Commission stressed that the new force would not usurp the authority of national border staff - it would work alongside them.

Controversially, however, if a member state fails in its duty to protect the EU's external borders, during an emergency, the Commission could deploy EU guards without needing the state's permission.

And part of the guards' remit would be to send failed asylum seekers back - though currently such "returns" are handled by national forces.

 Read more: Migrant crisis: EU border security becomes new mantra - BBC News

EU Refugee crisis: 'Economic migrants' and asylum seekers are coming to Europe for the same reasons, report says - by Lizzie Dearden

Despite the British Government's efforts to distinguish between “genuine” refugees and economic migrants, a report has found that the motivations for both groups to risk their lives in desperate attempts to reach Europe are often very similar.

The Overseas Development Institute (ODI) , a UK-based independent think tank urged European leaders to develop a broader understanding of what causes people to migrate in order to respond to the current crisis.

Its Why People Move report said: “The evidence reveals that the asylum-seekers and economic migrants often have similar reasons for choosing to make the dangerous journey to Europe and one person may fall into both of these categories at the same time.

Read more: Refugee crisis: 'Economic migrants' and asylum seekers are coming to Europe for the same reasons, report says | Europe | News | The Independent

Global Economy: The global impact of the US interest rate rise - by Kamal Ahmed

When America stirs, the rest of the world takes notice.

Rising US interest rates could mean higher debt repayments for emerging market governments and businesses - as the amount owed is denominated in dollars.

And with higher interest rates in America, investment capital will be encouraged across the Atlantic and away from Asia in the hunt for better returns.

That could affect Europe as well.

On the upside, the stronger dollar which has followed the rise might be good for European and Asian economies as it means exports to America are cheaper.

Read More: The global impact of the US interest rate rise - BBC News

The Netherlands: Inside Almere: the Dutch city that's pioneering alternative housing - by Thomas Feary

While custom-build and self-build housing cannot single-handedly solve the UK’s housing crisis, they do  offer an opportunity to throw the market open to far greater competition.

Both types of housing are economically sustainable models, yet in Britain we still lag far behind our northern European counterparts when it comes to alternative housing.

One source of inspiration is the Dutch city of Almere. Located in the province of Flevoland, Netherlands,

Almere is one of the fastest-growing cities in Europe and has a history of pioneering social planning. Over the past few years, it has embarked on a hugely ambitious plan to turn the housing market on its head, challenging the status quo of volume house builders controlling provision.

Read more: - by Thomas FearyInside Almere: the Dutch city that's pioneering alternative housing | Housing Network | The Guardian