The Icelandic government’s economic advisor Tryggvi Thor Herbertsson, on a leave from his post as CEO of Askar Capital Investment Bank and two years after his whitewash report on the Icelandic economy with Columbia professor Mishkin, with some interesting promises to the BBC on October 4, 2008. What happened next? The Independence Party’s voters elected Tryggvi [...]

Bjorgolfur Thor is no longer on the Forbes billionaire list. And Hannes Smarason of FL Group fame personal debts to Landsbankinn amount to half the IceSave amount owed to the Brits and the Dutch according to the latest calculations. Of course without proper collateral or what?

Through elaborate twists and turns Catharine Zeta-Jones had to risk her life in a break in to get her hands on the jewels she coveted in Entrapment. But if you happen to own or control a business which has been bankrupted in Iceland in the last couple of years, the way back to 2007 is made [...]

It is self explanatory that there is not much sympathy worldwide for a country which first behaved irresponsibly and then tried to export its problems to other countries. Like other countries which have run their economies into the ground – including Greece as a good example -  Iceland must take responsibility for itself. So even if [...]

“I think what is happening in Iceland proves that our own currency is very beneficial to our needs. You don’t have to go far back to see that the currency developments have increased the competitiveness of Icelandic businesses and industries”. - Steingrimur J. Sigfusson, Finance Minister of Iceland two years after an economic collapse all [...]

The party which got Icelandic society into this mess could just hold the keys to make things right. It is quite a bit strange to hear people say that they would still vote for the Independence Party today, even after its Icarian flight of the past two decades and its nepotistic distribution of the wealth of [...]

With a smug grin he revealed last night and today what he had wanted all along. It wasn’t a national referendum on IceSave. It was for the government he opposes to resign. Steingrimur J. Sigfusson asked the nation how it thought an agreement could be made with a saboteur on our very own negotiating team. Of course [...]

Tomorrow is the first national referendum Icelandic citizens have been allowed to participate in by the political elite since the conception of the republic in 1944. By all measures, this should be a happy day for democracy in Iceland. But instead it is not a cause for celebration but a large milestone in the farcical power [...]

If you are a foreigner taking a look at the national referendum this Saturday, please don´t make the mistake of thinking it is about IceSave. It is all about internal, Icelandic politics. Those who will vote yes are voting for the government to stay on (Social Democrats and those who still think Steingrimur J. Sigfusson is the [...]

“Would you like the EU to take the credit for our victories?” Does this video imply that we can claim victory if Germany, France or Spain wins the World Cup in July? Or that we can claim victory no matter who wins Eurovision? And does this mean that people in Spain take great pride in Norway’s [...]