Iceland

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Low interest payouts by Cypriot banks

Cypriot banks rank second to last among European banks in terms of paying interest on total household deposits, according to data released on Wednesday by the European Banking Authority (EBA), as part of its annual risk assessment of the European banking system.

In contrast, Cypriot banks are in second place among European banks in terms of return on equity.

EU shifts to digital visas for Schengen area

People applying for visas to visit Europe's Schengen area will soon do so via an online platform, under a change adopted by EU foreign ministers.

The shift towards digitalization of the visa process will also do away with the need for applicants to get a sticker in their passport, meaning no more appointments at consulates or service providers' offices.

This is drone footage of the apocalypse PHOTO/VIDEO

As a result of those earthquakes, numerous houses were literally "torn apart", and the entire town of Grindavk near the volcano Fagradalsfjall was turned into a ghost town.
As many as 600 earthquakes have been registered since midnight, and experts say lava could pour out any day. About 4,000 inhabitants were evacuated.

Europe is threatened with disaster: The fear of the worst scenario is growing VIDEO

The eruption could primarily cause major damage to local infrastructure and the release of toxic fumes, writes the BBC.
Since the end of October, the southwestern region surrounding the Icelandic capital Reykjavik has been rocked by thousands of earthquakes.

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