Turns out that the currency loans which have rocked Icelandic society for years were illegal after all. Of all the royal mess created and sustained by the Icelandic political elite, the whole affair ranks amongst the absolutely worst. On the ground level amongst the public, lives have been lost, future plans have been destroyed, people [...]

Because of time limitations (only 24 hours in the day) I am very grateful to Vilhjalm A. and Gandri for putting down in words exactly what I have been pondering about what Johanna Sigurdardottir calls the “definite solution to finally meet the required needs of Icelandic households”. From Vilhjalm A. (translations mine ): Finally the [...]

The thirty year old male raged about Johanna Sigurdardottir and called her the “worst Prime Minister Iceland has ever had”. And this is someone who is to the left politically. Her shortcomings according to this disgruntled voter was that she is never seen or heard. In a time of great peril to the nation she [...]

The new American way: Barack Obama has announced that he will publish a “guestbook” of those who come to see him in the White House, claiming that it is the voters’ right to know who he is talking to before making decisions. The new and old Icelandic way: Johanna Sigurdardottir has refused to publish a [...]

Sigmundur David Gunnlaugsson – Progressive Party 1. Defend the interests of father’s friends and Progressive Party fat cats. 2. Stall an IceSave solution as long as possible to make political opponents look bad. 3. Have lunch. 4. Make sure that the Progressive Party “owns” a special green room at Althingi. 5. Have dinner 6. Regularly cause [...]

Ms Sigurdardottir said that it was “unfair” that the IMF and Nordic donors had made access to additional aid conditional on Iceland’s resolving the Icesave issue. But the prime minister voiced hope that the IMF review would start “within the next few weeks”. In written answers to FT questions, she said that the UK and [...]

Iceland can’t afford to wait any longer for its International Monetary Fund review and the transfer of the second tranche of its IMF-led bailout loan, Prime Minister Johanna Sigurdardottir said. From Bloomberg

We have to bring an ISK 170-180 billion (12% of GDP) budget deficit into balance in three years. This amount equals around a third of the central government’s budget in one year. This can only be accomplished through deep expenditure cuts and tax increases. Purchasing power and standard of living will therefore have to contract [...]

Where in the world is Johanna Sigurdardottir? If you’re visiting from the planet Eadrax, you could be forgiven to think that Steingrimur J. Sigfusson is the Prime Minister of Iceland. Well, although he is constantly answering for the government and appears to be in the middle of everything, especially IceSave and people’s TV screens, he [...]

You should know that in the lovely leftist country of Iceland, some are more equal than others. Johanna Sigurdardottir, Steingrimur J. Sigfusson and Gylfi Magnusson are so determined not to treat all debtors equally that currently you can only get real solutions at the banks if you know someone high up. If you don’t then [...]