Finally someone spoke out about the absurd EU debate in Iceland. In an interview with Channel 2 radio, Jon Baldvin Hannibalsson, the Social Democrats leader who signed the EEA agreement on Iceland’s behalf in Oporto in 1992 claims that there is no debate on the issue in Iceland. What is being discussed has nothing to [...]

With no hint of irony the lobbyist group InDefence which has fought vehemently against the payment of the IceSave debt to Holland and the UK, accepted an award this weekend. The award is called the Kjartan Gunnarsson Freedom Award and it was presented by the youth association of the Independence Party at the party’s headquarters. [...]

Former Kaupthing chairman Sigurdur Einarsson who was wanted by Interpol earlier this year knows where to seek blame for the Icelandic banking collapse of 2008. It was the government, the supervision authorities and Landsbankinn amongst others according to a big interview in Frettabladid today. The governments of David Oddson and Geir Haarde also know who [...]

For nations who still engage in bullfighting, rodeo etc. it is absolutely ridiculous to oppose whaling on emotional grounds. But with reserves of unsold whale meat mounting and a minuscule market for the meat, it is quite reasonable to oppose whaling on economic grounds. The business case has always been puzzling, but it might not be a [...]

One should not underestimate the political crisis in Iceland. Earlier this week, a Social Democrats insider Andres Jonsson pleaded to the “moderate section” of Independence Party to meet them on the issue of the EU. It is understandable that some of the Social Dems should cast their glance to the right. It is not far [...]

I thought that I should help Hakon with his request from the Mishkin post from yesterday. Asking about one of the most serious cases of the systematic silencing of the academic community, this description of Robert Z. Aliber’s visit to Iceland should offer a glimpse of the “silenced-society” Iceland had become. I translated this from [...]

The scariest movie of the year? “Excuse me, you can’t be serious. If you would have looked, you would have found things”

I thought about writing something about the inconvenience which the Icelandic State Church is finding itself facing. But it is hard to top the comment a very pretty girl at the University of Iceland made during a lecture early this summer. Responding to a Christian theologian denouncing the greed society which Iceland had become in [...]

Tyler Durden at ZeroHedge points out this video of Columbia University economist Fredric Mishkin who has changed the title of his 2006 pen-for-hire paper on Iceland’s economic state from Financial Stability in Iceland to Financial Instability in Iceland. Some time ago we penned a post, titled”Mishkin On Iceland: “Nothing Is F*#&ed Here Dude” which discussed [...]

To torture your customers with exorbitant prices is very Icelandic. A cup of coffee in Reykjavik is getting close to the price of a beer a few years ago. The price of beer is getting close to the price of mojitos a few years ago. A mojito almost requires a second mortgage. It is worse [...]