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Iceland Bankrupt

Elections in Iceland: The Revolutionary Fire is Down to Dying Embers

Iris Erlingsdottir | Posted 05.25.2011 | World
Iris Erlingsdottir

Unfortunately, in Iceland, as elsewhere, we're numbed by the continuous stream of bad economic news and appear in danger of forgetting what we were fighting for.

Is the IMF Helping Iceland?

Iris Erlingsdottir | Posted 05.25.2011 | World
Iris Erlingsdottir

Why are the countries that have accepted IMF assistance in the past -- such as South Korea and Argentina -- so bitter over the experience?

Iceland's Irreplaceable Geniuses

Iris Erlingsdottir | Posted 05.25.2011 | World
Iris Erlingsdottir

While Icelandic taxpayers continue to endure anguish and injustice, and foot the bill, scoundrels laugh all the way to the bank -- in Tortola.

Huldufolk: Iceland's Hidden Elves

Slate | Juliet Lapidos | Posted 05.25.2011 | World

An article on Iceland's de facto bankruptcy in the April issue of Vanity Fair notes that a "large number of Icelanders" believe in elves or "hidden p...

Libertarian Experiment in Iceland Fails

Iris Erlingsdottir | Posted 05.25.2011 | World
Iris Erlingsdottir

Economists are already using Iceland as a textbook case of how to ruin a nation's economy. As Paul Krugman notes, there is an "almost eerie correlation between conservative praise two or three years ago and economic disaster today."

Iceland is Sinking

Iris Erlingsdottir | Posted 05.25.2011 | World
Iris Erlingsdottir

It is hard to see how we will be able to maintain a middle-class standard of living if there is a severe global downturn.

"I'm Sorry You're So Stupid:" Head of Iceland's Central Bank Refuses to Step Down

Iris Erlingsdottir | Posted 05.25.2011 | World
Iris Erlingsdottir

According to the Financial Times, this dispute is further damaging Iceland's standing in the eyes of foreign investors, and may endanger the IMF's plans for saving Iceland's economy.

Colbert: Iceland Is A "Frigid Rock" That Has "Gone Bankrupt And Gone Gay" (VIDEO)

Huffington Post | Hanna Ingber Win | Posted 05.25.2011 | World

Iceland's fame keeps growing. It was the first nation to have its government collapse due to the financial crisis. Then it became the first modern nat...

It's Official: Iceland Has World's First Openly Gay PM

Iris Erlingsdottir | Posted 05.25.2011 | World
Iris Erlingsdottir

This is a milestone and another significant step towards the goal of judging our leaders on their abilities and their character, rather than on superficial distinctions.

Iceland's Government Collapses Amid Financial Crisis

AP | DAVID STRINGER | Posted 05.25.2011 | World

REYKJAVIK, Iceland — Iceland's coalition government collapsed on Monday after an unprecedented wave of public dissent, plunging the island natio...

Iceland's Government Collapses Over Economic Crisis

The Independent | Sophie Morris in Reykjavik | Posted 05.25.2011 | World

Just a few short years ago, Iceland had much to be proud of. The good times were rolling so fast that one expected the country's almost round-the-cloc...

Icelandic Minister, Johanna Sigurdardottir, Would Be World's First Gay PM

Iris Erlingsdottir | Posted 05.25.2011 | World
Iris Erlingsdottir

This represents the first time that a gay leader has assumed the reins of a modern state -- and in a time of crisis.

Iceland Is Burning -- Day 2

Iris Erlingsdottir | Posted 05.25.2011 | World
Iris Erlingsdottir

The extensive protests that shook Iceland Tuesday have continued into Wednesday and are beginning to have an effect on one of the two political parties making up Iceland's coalition government.

Iceland Is Burning

Iris Erlingsdottir | Posted 05.25.2011 | World
Iris Erlingsdottir

While Americans were watching Obama's inauguration, thousands of Iceland's citizens were fighting riot police around the Icelandic parliament building Althingi to try to prevent the world's oldest parliament from meeting.