If a whole election would be ruled illegal by the supreme court in any civilized nation, the minister responsible for the election would surely resign. In the case of the Icelandic constitutional assembly elections, that would be the minister of interior. But try to tell that one to Ogmundur Jonasson. After all, the call for [...]

Still scratching your head over the power plays surrounding the constitutional assembly? Well scratch away as the Employers’ Association under the leadership of the Independence Party’s Vilhjalmur Egilsson has threatened that it will not participate in pending talks on wage reform with the unions and employers associations unless the government reneges on its intentions to [...]

Remember Indefence? The group which persuaded the president of Iceland not to sign the IceSave agreement last year. Which many believe has saved Icelandic taxpayers some serious amounts with the agreement of better terms a year later, while others maintain that it has delayed the reconstruction of Iceland by keeping away foreign direct investment because [...]

From Wikileaks.nl TREASURY FOR MYERS AND NORTON NSC FOR HOVENIER E.O. 12958: DECL: 11/13/2019 SUBJECT: INDEPENDENCE PARTY LEADER SEEKS MEETING WITH WHITE HOUSE TO DISCUSS IMF Classified By: CDA SAM WATSON FOR REASONS 1.4 (B) AND (D) 1.(C) Summary. Charge d'Affaires (CDA) met Bjarni Benediktsson, leader of the opposition Independence Party, to discuss a range [...]

Ten reasons why it has all gone fucking fuck in Iceland since the pots and pan revolution. 1. There was a demand of reform in the fishing industry. It was needed because the resource was gathering in the hands of very few who in turn used their wealth to borrow intensely against it and invest [...]

I have fallen ill lately, either some autumn flu or an allergy reaction due to Icelandic news. It seems like Bjorgolfur Thor and Jon Asgeir Johannesson are going to be the two people who hold the reins in Icelandic business once the dust has settled. Their creditors including Landsbankinn and Arion seem to be competing [...]

With no hint of irony the lobbyist group InDefence which has fought vehemently against the payment of the IceSave debt to Holland and the UK, accepted an award this weekend. The award is called the Kjartan Gunnarsson Freedom Award and it was presented by the youth association of the Independence Party at the party’s headquarters. [...]

For nations who still engage in bullfighting, rodeo etc. it is absolutely ridiculous to oppose whaling on emotional grounds. But with reserves of unsold whale meat mounting and a minuscule market for the meat, it is quite reasonable to oppose whaling on economic grounds. The business case has always been puzzling, but it might not be a [...]

One should not underestimate the political crisis in Iceland. Earlier this week, a Social Democrats insider Andres Jonsson pleaded to the “moderate section” of Independence Party to meet them on the issue of the EU. It is understandable that some of the Social Dems should cast their glance to the right. It is not far [...]

Tyler Durden at ZeroHedge points out this video of Columbia University economist Fredric Mishkin who has changed the title of his 2006 pen-for-hire paper on Iceland’s economic state from Financial Stability in Iceland to Financial Instability in Iceland. Some time ago we penned a post, titled”Mishkin On Iceland: “Nothing Is F*#&ed Here Dude” which discussed [...]