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 [...]

“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 [...]