I’ll never forget the CEO who shouted out loud, “What, why should these people be paid bonuses? They already get a salary to do their job”. The same CEO who stood in line to cash in hundreds of millions in a bonus system called stock options. On top of a monthly salary of 16 of [...]

  Exceptional circumstances call for exceptional thinking, approaches, measures and solutions. No matter what the future departs, Iceland is still an independent nation with a voice. The Presidential decision to submit the entry into force of the new law to national referendum has  called world-attention. Icelanders need to stand together and get the world to understand [...]

Silfur Egils, the talk show was packed yesterday with lots of good information. You can watch it here at Lara Hanna’s blog. Many of the interviews are in English, including Eva Joly, Alain Lipietz, Michael Hudson and Gerard Van Vliet. Gerard is the spokesperson for the Dutch savers who haven’t been reimbursed for the money they had [...]

A Facebook discussion started yesterday Status: KK Do you really think you know the IceSave agreement well enough to make a decision on whether it should stand or not? I hear so many people talk about it who I doubt have informed themselves enough about the issue. IJ That is exactly right, what information do we “average [...]

Time will tell but maybe Olafur Ragnar Grimsson’s decision to stir things up in the IceSave matter will lead to a better deal for Iceland, and as a lesson to the world community that the global financial system has some extremely large holes which need to be addressed. One thing is certain, if IceSave was only [...]

Trying to educate myself enough about IceSave to be able to responsibly vote in a national referendum I find myself having 22 open tabs with different articles, pdf’s and documents. I haven’t even begun to make my on-line news-round today. I trust that everybody else who is going to vote is doing the same amount of research. But I am [...]

Word is that new legislative body Olafur Ragnar Grimsson is acting quickly to ban all traces of DiHydrogen Monoxide from Iceland. (Sorry could not resist )

Has IceSave turned from an international dilemma into a domestic politics powder-keg? Icelanders are furious that their government is willing to pay the IceSave debt, but meanwhile allowing the culprits who caused the mess to go scotch free and even negotiating tax-breaks for some of their new ventures. The public in Iceland is desperate for some [...]

Yesterday I spoke to two grown up, salt of the earth people who had signed the InDefence petition. They were adamant that they had signed against Iceland paying the IceSave debt. Their understanding of the issue was that a national referendum would give the nation an opportunity to say no to paying the debt. What could [...]

The President who hasn’t dared face the Icelandic press to explain himself, nevertheless found time for Jeremy Paxman at the BBC last night.