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 [...]

According to Google Zeitgeist, Iceland was the third most searched word regarding economic issues in the year 2009. It’s the Economy crisis cash for clunkers iceland california recession obama unemployment rate green great depression inflation The full list in the It’s the economy section 1. crisis 2. cash for clunkers 3. iceland 4. california 5. [...]

In honour of Heimssyn’s celebration of Iceland’s sovereignty to be held today at Salurinn in Kopavogur I wrote a message to our former friends in Europe who have now conspired to rip us off through the IceSave agreement, by enacting terrorist law against Iceland and wait to rob us of our resources. On the day when we [...]

Although it is not yet heavily involved in international banking, Greenland’s progression toward independent statehood is strikingly reminiscent of Iceland’s experience (especially its desire to maintain its own culture and protect its natural resources at the cost of isolation from the rest of the world and its wish to limit its economic relationship with Europe). [...]

The SFO’s team has intensified its inquiries following the leak of Kaupthing’s loan book on to an internet site, Wikileaks.org, over the weekend, according to sources, A team is understood to be examining the document connected to the failed Icelandic bank, which had a large UK client base. It has also received information relating to [...]

I am trying to find Eva Joly´s open letter which she published in Morgunbladid this weekend in English somewhere. It is a brilliant letter even though the assistant of Johanna Sigurdardottir asked her to stick to things that were her speciality instead on his Facebook page. One of the suggestions Joly makes is the interest [...]

So Althingi did the only right thing and approved EU talks. I predicted a few days after the economic crash in October that this would mean that Iceland would be a EU member by 2012. I stand by that prediction. Despite the fear-mongers and special-interest groups within the Progressive Party, Left Greens and the Independence [...]

Amid the cesspool of Gunnar Birgisson’s scandals in Kopavogur, the IceSave debacle, the increasing squeeze on homeowners, this is my Sunday sermon for now. This ramble should be read out loud with a young, poor and angry voice. A long time ago I had a girlfriend who was born in Teheran but she moved to [...]

Channel 2 reports on a family of six in Hafnarfjordur that is considering leaving the country after their household debts rose at lightspeed up to 154 million ISK, if the government doesn’t provide solutions soon. The banks that lent us the money destroyed the Icelandic economy and now they want to bankrupt us and take [...]