2008 in Iceland
# 2008 in Iceland

The following lists events that happened in 2008 in Iceland.

## Incumbents

* President – Ólafur Ragnar Grímsson
* Prime Minister – Geir Haarde

## Events

### May

* May 29 - A strong earthquake measuring 6.1 on the Richter scale strikes Iceland near the town of Selfoss.

### September

* September 29 - The government of Iceland takes control of the country's number three bank, the struggling Glitnir Bank.

### October

* October 7 - Subprime mortgage crisis
   * Russia agrees to provide Iceland with emergency loans of 4 billion euros ($5.4 billion).
   * Iceland's Financial Supervisory Authority takes control of troubled Landsbanki Bank.
* October 9 - Kaupthing Bank, Iceland's largest bank, is nationalized by the country's Financial Supervisory Authority.
* October 21 - Iceland's Kaupthing Bank fails to pay interest to its 50-billion-yen (US$493 million) bondholders in Japan.
* October 29 - Danish-based low-cost carrier Sterling Airlines files for bankruptcy and stops all passenger flights after its cash-strapped Icelandic investors were unable keep the company afloat.

### November

* November 19 - The International Monetary Fund approves a US$2.1 billion rescue package for Iceland following its financial crisis.
