Well this is what happened…. …apart from the UK and Holland not showing any signs of rushing into negotiating… ….nothing.

With a smug grin he revealed last night and today what he had wanted all along. It wasn’t a national referendum on IceSave. It was for the government he opposes to resign. Steingrimur J. Sigfusson asked the nation how it thought an agreement could be made with a saboteur on our very own negotiating team. [...]

Tomorrow is the first national referendum Icelandic citizens have been allowed to participate in by the political elite since the conception of the republic in 1944. By all measures, this should be a happy day for democracy in Iceland. But instead it is not a cause for celebration but a large milestone in the farcical [...]

Blogger Gunnar Smarason writes a disturbing piece on the prosperity of N1, gas station and convenience store empire. I just don’t know why none of the major media has picked up on it. According to Gunnar, N1′s third quarter report states that the company’s earnings have grown threefold before tax, interests and amortization, compared to [...]

Progressive Party Chairman Sigmundur David Gunnlaugsson was asked on the evening news of both channels what two experts from a hedge fund related to Landsbankinn and Bjorgolfur Thor were doing with him in Norway? He did not really answer the question. Instead he became indignant and accused those who asked of McCarthyism and claimed he [...]

The Progressive Party is currently the laughing stock in Icelandic politics, a title for which there is hard competition. Then again, a bunch of clowns is bound to tickle the funny bone once in a while. Party chairman Sigmundur David Gunnlaugsson and MP Hoskuldur Thorhallsson rode like knights in shining armour into an audience with [...]

When I published this, I got an interesting comment from an MP from the Progressive Party. Eyglo Hardardottir accused me of judging her party harshly, by saying that “after the shenanigans of the last two decades the Progressive Party has put itself in such a position that their ideas are automatically distrusted. That is why [...]

Bankruptcy is ahead on the marketplace of ideas as far as solutions to the massive debt facing Icelandic households is concerned. A fortress around the households in Iceland promised by the government has turned out to be one around financial institutions. The latest news claim that the foreign creditors of Byr S&L are writing off [...]

When he was voted in a highly organised coop, the chairman of the Progressive party, he no longer spoke on behalf of the group. He was still seen with them and plays a very important part there. Or should we say that the group plays an important part in his politics.  The Indefence group not [...]

Heard an interesting explanation as to why there isn’t and won’t be an overall remittance of loans. The IMF is against such a measure. I’m not sure how that can work as the IMF said it would not interfere in in-state matters but let’s suppose it is true. Then the Progressive Party must surely know [...]