I am relaunching the site and hope you will bear with me for a couple of days while I get my head around this. The reason is that I want to be able to distinguish between my own writing and that of others, incorporate video and photos in a better way.

I spent last week in Austria and the UK. It was good to get away from the athmosphere in Iceland for a bit.

At the airport in Austria we were shocked to see a bottle of water costing 3.75 Euros, around 600 ISK.

I still bought Asics running shoes in the UK. At 50 GBP (just under 10.000 ISK) it made more sense than to buy them there at 15.000 ISK.

We got back on Sunday. On Monday we met up with three of our closest friends. While we were away the third one had lost his job so they were now all unemployed. One from an airline, another from banking and the third from a book-retailer.

Landsbankinn is now offering home loans that aren’t price indexed. A couple of very important questions came to mind, why is one state-owned bank doing this for their customers and the others aren’t? Secondly, how long is the government going to be stubborn about the price-indexation since its own institutions are already heading that way?

Related posts:

1. State Owned Banks Gearing Up For Competition
2. Ireland May Follow Iceland
3. What’s Going On In Tortola?
4. The problem that wasn’t solved
5. Iceland stranded in more ways than one. Eventually the fiscal drugs fail and the patient dies