I believe the Icelandic people are willing to undergo hardship to help our country recover from the catastrophic collapse, as long as the hardship is spread throughout the population, and those who unjustly profited from their decisions are put in their place.
I have always imagined that a totalitarian state would resemble Stalin's Soviet Union, but it has dawned on me lately that the most effective totalitarian regime would be one that no one (on the inside anyway) would recognize as such.
A new political party -- the modestly named The Best Party (Besti Flokkurinn) -- led by comedian Jón Gnarr, has thrown a scare into Iceland's powers-that-be by receiving the most votes in Reykjavik's municipal elections yesterday.
While Icelanders have been endlessly debating IceSave, our unemployment rate has continued to climb, the number of insolvencies has continued to increase, and public services have continued to decrease.
What is especially disheartening in Iceland is that, not only did the bankers retain their compensation; they continue to draw salaries in their new positions of authority in the new banks and in the government.
It's incumbent upon the Icelandic media and political establishment to educate the public on the reasons for and against Icesave. If we're serious about fighting for political reform and transparency that our country needs, here's a good place to start.
Total financial collapse, once a problem only for developing countries, has now come to Europe. The International Monetary Fund is imposing its "austerity measures" on the outer circle of the European Union.
This has been a very rough year for Iceland, and it's not likely to get better anytime soon. The public's anger continues to grow, and it would not be surprising if this winter sees a repeat of last winter's uprising.
At any rate, it seemed very strange to us that suddenly Russia wanted to be our new best friend -- particularly as the US was perceived to have turned its back on Iceland a few months earlier by leaving it out of an important currency swap agreement