Some compare the plan to the Versailles treaty’s harsh demands of Germany. A better analogy is the 1982 Latin American debt crisis, in which even Chile, poster boy of Chicago School economics, saw the state take over a mountain of private debt. A decade of stagnation followed. The same could be in store for Iceland. [...]

Finally people seem to realise that EU membership is something the nation needs to confront sooner rather than later.  While the special interest parties have spread fear and loathing towards the EU, more and more citizens are waking up to the fact that Iceland’s standing in the world is becoming more and more perilious. The [...]