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 [...]

Hernando De Soto has written that third world nations needs to unlock the Mystery of Capital to bring to life $9.3 trillion worth of dead assets: Much of the marginalization of the poor in developing and former communist nations comes from their inability to benefit from the six effects that formal property provides. The challenge [...]

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 [...]

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 [...]

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 [...]

There are some pitiful characters still haunting Icelandic politics. Stirring up nationalistic rhetoric, they are unable to get a grip in post-crash Iceland. Bjorn Bjarnason, Styrmir Gunnarsson, David Oddson and Bjarni Hardarson are not the only failed ghosts of the past who want to determine Iceland’s future. Ogmundur Jonasson, the leader of the “unruly division” [...]

After a weekend of bloggers, politicians and journalists trying to tell me that it is quite alright for MP’s to have a drink and then go to work because they have just had “one” and “everyone does it”, I am still not convinced. Ogmundur Jonasson should have ordered water or a Coke before heading to [...]

There is a storm warning in Iceland. And it is not just the weather which is huffing and puffing. The last week has been a difficult one for the government and especially the Left Greens. Ogmundur Jonasson resigned as Minister of Health and told whoever wanted to listen that it was because he could not agree [...]

Ogmundur Jonasson has resigned as Minister of Health. He handed in his resignation as he could not support the government on the IceSave issue which is likely to be back on Althingi’s table. The government is meeting at 6pm. Are we in for yet another farce? Update: The government seems to be trying the only [...]

Health Minister Ogmundur Jonasson probably thinks he is being all noble when not accepting the extra wages that come with being a minister on top of the MP wages he already gets. It is possible that he justifies this to himself that this way he is setting an example for others in society, especially those [...]