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 [...]

I stumbled across this comment from Thorolfur Matthiasson on Paul Krugman’s blog. It explains the current situation in Iceland perfectly: Finally, there are many big unsolved problems that face the government and people of Iceland. First, the Icelandic Krona is not a viable currency in the world of free movement of capital. The Euro seems [...]

As the government celebrates the fact that the British and Dutch governments appear to be willing to talk about IceSave again, an interesting theory has not received the attention it should. A member of the fishing industry reform committee has wondered out loud whether the opposition’s silence on IceSave and the government’s sudden halt in [...]

Bill Still on Iceland. Comments?

I am glad Jon Danielsson got this so quickly… on Paul Krugman’s misunderstanding of the Icelandic situation: Krugman please  get your facts right. Iceland did not devalue, the currency fell. This is not the kind of capital controls that often can be a sensible policy. These capital controls were imposed  only to lock in carry [...]

The older generation is speaking out. Bloggers like Vilhjalmur Ari Arason have told the younger generations that they are fine with things the way they are. Those who bought their homes long before the boom and still have considerable home equity are alright with not taking a stand on EU membership, or rejecting it altogether. [...]

In the early days of summer I attended the four week course The Crash in an Acedemic Light I at the University of Iceland. As this was a course intended for those seeking their bachelor‘s degrees I will not receive credits towards my masters, but that did not matter. I wanted to listen to the [...]

Lately I have heard a lot of Icelanders say that the consumers should have the benefit of the doubt when making contracts with financial institutions. They are talking about the currency basket loans. I agree with them. But I have also heard a lot of Icelanders, and in some cases the same people who maintain [...]