Friday, 10 October 2008

Iceland’s Airwaves Festival Unaffected by Global Credit Crunch

Organisers of Iceland’s Airwaves festival have confirmed the event will still go ahead despite the current problems with country’s economy.

The festival, which celebrates its 10th Anniversary, will go ahead as planned.

The festival runs from the Wednesday 15th to Sunday 19th of October in Reykjavik and this year features sets from the likes of Simian Mobile Disco, Young Knives, Vampire Weekend, White Lies, CSS, Crystal Castles and Biffy Clyro.

Iceland became the latest victim of the current economic crisis when the Icelandic government took control of the Landsbanki bank and declaring it insolvent after it suffered severe losses.
In a statement, organisers said: “In spite of economical difficulties in Iceland at the moment the Iceland Airwaves festival will take place next week just like it has done for the past 10 years.”

They also said “The economical crisis does not affect the planning and promoting of the festival.”
“[We] are looking forward to lifting the spirits of the Icelandic people” they added.

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