Due to the effects of global warming I won’t be posting until the weather in Iceland returns to normal!

Protester arrested following demonstrations outside the IMF’s temporary office in Reykjavik today

The news that the Icelandic banks in Luxembourg helped out some of their customers by hiding their assets by using other customers’ businesses and accounts abroad seems to confirm a story I heard a year ago. An elderly businessman who had sold his production company (someone who actually dedicated his life to creating something), had [...]

“Independence” in Icelandic society today means we have no control over anything and none of the aforementioned jerks are accountable to anyone: this is why Bruxelles scares them, plain and simple. We are owned from within, and the irony with which this man stands on his soap box after being replaced at the national newspaper [...]

The Iceland Weather Report has put together most of what you need to know about the current Magma Energy debacle. But the revelation that it needed two unpaid bloggers, Lara Hanna and Teitur Atlason to uncover and expose the whole affair reminded me of a call I got last year from a representative of the government. He [...]

The current Icelandic government is fast becoming everything people did not hope for in the spring of 2009. The whole affair with Magma Energy’s investment in HS Energy is reminiscent of  the Independence Party and Centre Party at its worst. According to Icelandic law, companies outside the European Economic Area are not allowed to invest in the [...]

Hilmar V. Petursson, the chairman of computer game company CCP sums up the dilemma facing Icelandic businesses under the current conditions of currency restrictions and lack of vision by the political parties. “It is hard to make decisions and plan ahead for the future based on what is possibly going to happen here in the [...]

Eirikur Bergmann, a professor in political science and director of the Centre for European Studies at Bifrost University has asked the question that many of us have been demanding an answer for but needed to be asked in public. Where is Iceland’s place in the world going to be if the EU membership is rejected? [...]

The worst thing that could happen if consumer debt is forgiven and Iceland does not have to pay for IceSave is that too many people would go on with their lives as if nothing had happened and keep voting for the Independence Party.

Whatever happened to the boring old Nordic state of Iceland? Protesters and police are now clashing outside the Central Bank. DV reports that celebrated singer Ellen Kristjansdottir is in the emergency room at the National Hospital after the police pushed her away. Another protester Gretar Eiriksson also clashed with police as these photos from DV [...]