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Iceland Economy

"Happy" Anniversary, Iceland

Iris Erlingsdottir | Posted 10.01.2009 | World

Read More: IMF Funding, International Monetary Fund, Economic Crisis, Iceland Economic Crisis, Norway, Alcoa, Iceland Global Economic Crisis, Iceland Economy Collapse, Iceland, Denmark, Iceland Bankrupt, Iceland Banks, Iceland Economy, Lehman Brothers, Iceland National Bankruptcy, IMF Bailout, Financial Crisis, Western Europe, Imf, Iceland Financial Crisis, Lehman Brothers Bankruptcy, World War II, Iceland Bank Crisis, Monty Python, World News
Iris Erlingsdottir

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.

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Iceland's Independent People: It's Time to Clean House

Iris Erlingsdottir | Posted 09.03.2009 | World

Read More: Netherlands, Iceland Economic Crisis, Eva-Joly, Thomas Jefferson, Iceland Global Economic Crisis, Iceland Economy Collapse, Iceland, Iceland Bankrupt, Global Economic Crisis, Iceland Banks, Declaration of Independence, Icelandic-Economy, Iceland Economy, Russian Mafia, Great Britain, Iceland National Bankruptcy, Banks, Iceland Financial Crisis, Global Financial Crisis, Eva Joly, Iceland Bank Crisis, Icelandic Government, Icesave, World News
Iris Erlingsdottir

Any doubts as to whether Iceland's elite has declared war on its people were dispelled this weekend.

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Bjorgolfur Gudmundsson: 2nd Richest Man In Icelandic History Is Bankrupt

AP | HERDIS SIGURGRIMSDOTTIR | Posted 08.31.2009 | World

Read More: Iceland, Foreign Affairs, Advocacy, Bjorgolfur Gudmundsson, West Ham Soccer Club, West Ham, Soccer, Sports, Iceland Financial Crisis, Iceland Economy, Iceland Economic Crisis, Iceland Economy Collapse, Iceland National Bankruptcy, Iceland Bank Crisis, Iceland Bankrupt, Iceland Global Economic Crisis, World News

REYKJAVIK, Iceland — The second richest man in Icelandic history has filed for bankruptcy, his spokesman said Friday. Bjorgolfur Gudmundsson, t...

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Iceland EU Bid Effort Intensifies Under Economic Pressure

TIME | Posted 08.17.2009 | World

Read More: Iceland European Union, European Union Bid, Iceland Eu Bid, Foreign Affairs, Iceland Economic Crisis, European Union, Iceland Global Economic Crisis, Iceland Economy Collapse, European Union Election, Iceland, Iceland Bankrupt, Iceland Banks, Iceland Economy, Financial Meltdown, Iceland European Union Bid, Iceland National Bankruptcy, Financial Crisis, Global Financial Crisis, Iceland Financial Crisis, Europe, Iceland Bank Crisis, Advocacy, World News

The people of Iceland are known for their resilient, go-it-alone character. It is the result of a forbidding geography: endowed with a rugged terrain ...

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How Iceland's Lawyers Enabled Fraud

Iris Erlingsdottir | Posted 08.09.2009 | World

Read More: Michael Jackson, Legal Ethics, Lawyers, Legal-Ethics, Cheney, Iceland Economic Crisis, Iceland Global Economic Crisis, John Yoo, Iceland Economy Collapse, Iceland, Elvis Presley, Iceland Bankrupt, Dick Cheney, John Yoo Torture, John Yoo Memo, Global Economic Crisis, Iceland Banks, Investment Banks, Iceland Economy, Iceland National Bankruptcy, Ethics, Banks, Financial Crisis, Banking Crisis, Iceland Financial Crisis, Global Financial Crisis, Iceland Bank Crisis, World News
Iris Erlingsdottir

The lack of clear ethical rules and the frontier justice mentality in Iceland continues to cause confusion and raise questions about the legal profession's ability to regulate itself in Iceland.

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Iceland Must Renegotiate

Iris Erlingsdottir | Posted 07.30.2009 | World

Read More: Britain, Netherlands, Iceland Economic Crisis, European Union, Iceland Global Economic Crisis, Iceland Economy Collapse, Iceland, Iceland Bankrupt, Iceland Banks, Iceland Economy, Iceland National Bankruptcy, London School of Economics, Iceland Financial Crisis, Iceland Bank Crisis, World News
Iris Erlingsdottir

What we need now is for our government to stand up for us the way the British and Dutch governments have stood up for their citizens, and to reach an arrangement that is equitable for all.

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Iceland Independence Day: We Worship Our God (Mammon) And Die

Iris Erlingsdottir | Posted 07.18.2009 | World

Read More: Iceland Banks, Iceland Economy, Iceland National Bankruptcy, Reykjavik, Iceland Economic Crisis, Iceland Global Economic Crisis, Iceland Financial Crisis, Iceland Economy Collapse, Iceland, Iceland Bank Crisis, National Anthem, Michael Kinsley, Iceland Bankrupt, World News
Iris Erlingsdottir

Today on Iceland's Independence Day the national anthem has been a real tear jerker for me, evoking in me a sadness and heartache that my brain usually reserves for funerals.

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Europe's Biggest Financial Swindle Since World War II

Iris Erlingsdottir | Posted 07.16.2009 | World

Read More: Iceland Banks, Johanna Sigurdardottir, Iceland Economy, Iceland National Bankruptcy, Iceland Economic Crisis, Iceland Global Economic Crisis, Iceland Financial Crisis, Friedrich Nietzsche, Iceland Economy Collapse, Europe, Iceland Bank Crisis, Nietzsche, Iceland, Iceland Bankrupt, Johanna Sigurdardottir Iceland, World News
Iris Erlingsdottir

Ever since the Icelandic economy came crashing down with the country's bank cabal, our politicians have failed to grasp the enormity of these catastrophic events.

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Special Prosecutor of Iceland Bank Crash: "The Idea Most People Have of Banking Has No Basis In Reality"

Iris Erlingsdottir | Posted 06.28.2009 | World

Read More: Iceland Banks, Johanna Sigurdardottir, Iceland Economy, Iceland National Bankruptcy, Banking, Iceland Economic Crisis, Banking Crisis, Iceland Global Economic Crisis, Global Financial Crisis, Iceland Financial Crisis, Iceland Economy Collapse, Iceland Bank Crisis, Iceland, Iceland Bankrupt, Johanna Sigurdardottir Iceland, Global Economic Crisis, World News
Iris Erlingsdottir

"Perhaps things weren't illegal, but when do you cross the line from a framework of standard marketing practices and into bribery?"

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Iceland's First Left Majority Government: Plus Ça Change...

Iris Erlingsdottir | Posted 06.11.2009 | World

Read More: Johanna Sigurdardottir, Dr.Michael Hudson, Iceland Economic Crisis, European Union, Michael Hudson, Iceland Global Economic Crisis, Iceland Economy Collapse, Iceland, Iceland Bankrupt, Johanna Sigurdardottir Iceland, Iceland Banks, World Economy, Iceland Economy, Drmichael-Hudson, Iceland National Bankruptcy, Global Financial Crisis, Iceland Financial Crisis, Europe, Iceland Bank Crisis, World News
Iris Erlingsdottir

Johanna and her partners have an incredibly difficult task ahead of them. However, forcing a quick referendum on EU membership should not be the cornerstone of our rebuilding effort.

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Iceland Elections: The Revolution Is In (The House)

Iris Erlingsdottir | Posted 05.26.2009 | World

Read More: Iceland Election Women, Johanna Sigurdardottir, Iceland Election, Iceland Economic Crisis, Johanna-Sigurdardottir, Iceland-Economic-Collapse, Iceland-Election-Women, Iceland-Election-Results, Iceland-Election, Iceland Economy Collapse, Geir Haarde, Iceland, Iceland Bankrupt, Johanna Sigurdardottir Iceland, Iceland Election Results, Iceland-Economic-Crisis, Iceland Banks, Johanna-Sigurdardottir-Iceland, Iceland-Economy, Iceland Economy, Iceland Economic Collapse, Iceland-Economy-Collapse, Prime Minister Geir Haarde, Global Financial Crisis, Eva Joly, Iceland Bank Crisis, Johanna-SigurðArdottir, Icelandic Government, World News
Iris Erlingsdottir

For a party that has no money and has existed as a political force for less than two months, the outcome of the Icelandic election is nothing less than miraculous.

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Green Shoots Among Iceland's Ruins

Iris Erlingsdottir | Posted 05.22.2009 | Business

Read More: Tellmetwin, Iceland Economic Crisis, European Union, Red-Herring, Iceland Global Economic Crisis, Iceland Economy Collapse, Iceland, Iceland Bankrupt, Icelandic-Economy, Iceland Economy, Rahm Emanuel, Iceland National Bankruptcy, IMF Bailout, Imf, Iceland Financial Crisis, Iceland Bank Crisis, Icelandic Government, Reykjavik-Iceland, Business News
Iris Erlingsdottir

A new generation of entrepreneurs is rising that may lead us, eventually, to a new order, one divorced from the old elite and all the corruption that they thrived on.

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

Iris Erlingsdottir | Posted 05.18.2009 | World

Read More: Johanna Sigurdardottir, Global Economy, Economy, Economic Crisis, Iceland Economic Crisis, Alcoa, Aluminum, Iceland Global Economic Crisis, Iceland Economy Collapse, Geir Haarde, Iceland, Johanna Sigurdardottir Iceland, Iceland Bankrupt, Global Economic Crisis, Iceland Banks, Elections, Iceland Economy, Iceland National Bankruptcy, Prime Minister Geir Haarde, Iceland Financial Crisis, Global Financial Crisis, Iceland Bank Crisis, World News
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.

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Is the IMF Helping Iceland?

Iris Erlingsdottir | Posted 05.07.2009 | World

Read More: Imf-Europe-Economy, Global Economy, Economic Crisis, Iceland Economic Crisis, Iceland Global Economic Crisis, Michael Hudson, Iceland Economy Collapse, Iceland, Iceland Bankrupt, Global Economic Crisis, Iceland Banks, World Economy, Iceland Economy, Iceland National Bankruptcy, IMF Bailout, Banking Crisis, Imf, Iceland Financial Crisis, Iceland Bank Crisis, World News
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?

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Iceland's Irreplaceable Geniuses

Iris Erlingsdottir | Posted 04.21.2009 | World

Read More: Iceland Banks, Iceland Economy, Iceland National Bankruptcy, Economic Crisis, Iceland Economic Crisis, Financial Crisis, Iceland Global Economic Crisis, Iceland Financial Crisis, Global Financial Crisis, Iceland Economy Collapse, Iceland Bank Crisis, Iceland, Iceland Bankrupt, Global Economic Crisis, World News
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.

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Huldufolk: Iceland's Hidden Elves

Slate | Juliet Lapidos | Posted 04.13.2009 | World

Read More: Iceland Hidden People, Hidden People, Huldufolk, Elves, Iceland Economy, Europe, Iceland, Iceland Bankrupt, Iceland Economic Collapse, World News

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...

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Libertarian Experiment in Iceland Fails

Iris Erlingsdottir | Posted 04.09.2009 | World

Read More: Iceland Economy, Milton Friedman, Iceland National Bankruptcy, Economic Crisis, Iceland Economic Crisis, Financial Crisis, Banking Crisis, Iceland Global Economic Crisis, Iceland Financial Crisis, Free Market, Iceland Economy Collapse, Iceland, Iceland Bankrupt, World News
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."

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Iceland is Sinking

Iris Erlingsdottir | Posted 03.28.2009 | World

Read More: The Great Depression, Iceland Economy, Iceland National Bankruptcy, Iceland Economic Crisis, Iceland Global Economic Crisis, Iceland Financial Crisis, Global Financial Crisis, Iceland Economy Collapse, Iceland, Iceland Bankrupt, Global Economic Crisis, Great Depression, World News
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.

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

Iris Erlingsdottir | Posted 03.14.2009 | World

Read More: Iceland Banks, World Economy, Global Economy, Iceland Economy, Iceland National Bankruptcy, Economic Crisis, Iceland Economic Crisis, Banking Crisis, Financial Crisis, Iceland Global Economic Crisis, Global Financial Crisis, Iceland Financial Crisis, Iceland Economy Collapse, Iceland, Iceland Bank Crisis, Iceland Bankrupt, World News
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.

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The Icelandic Volcano Erupts

Rebecca Solnit | Posted 03.13.2009 | World

Read More: Argentina, Iceland Financial Crisis, Iceland Economy, Iceland, Economic Crisis, World News
Rebecca Solnit

The present government may differ from the old, but not as much as the Icelandic people differ from their pre-October selves. They are now furious and engaged, where they were once acquiescent and uninvolved.

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Estrogen Will Not Cure Greed and Stupidity

Iris Erlingsdottir | Posted 03.11.2009 | World

Read More: Greed, Women, Iceland Economy, Elite, Iceland National Bankruptcy, Iceland Economic Crisis, Women and Politics, Ruling Elite, Iceland Financial Crisis, Corporate Greed, Iceland Economy Collapse, World News
Iris Erlingsdottir

Any positive changes Iceland's PM and her female colleagues will bring about will be because they are in tune with the values of society at large, rather than the values of the current ruling elite.

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

Iris Erlingsdottir | Posted 03.04.2009 | World

Read More: First Openly Gay Prime Minister, Economic Crisis, Iceland Economic Crisis, Iceland Global Economic Crisis, Iceland Economy Collapse, Iceland, Iceland Bankrupt, Global Economic Crisis, First Gay Prime Minister, Iceland Banks, World Economy, Iceland Economy, Gay Rights, Iceland Gay Prime Minister, Iceland National Bankruptcy, Financial Crisis, Iceland Financial Crisis, Global Financial Crisis, Iceland Bank Crisis, Johanna Sigurdardottir, Johanna Sigurdardottir Iceland, Iceland's Pm Shows Gay Milestone, Iceland President Gay, Jonina Ledsdottir, Iceland Gay, World News
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.

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

Iris Erlingsdottir | Posted 02.27.2009 | World

Read More: Iceland Banks, Iceland Economy, Gay Rights, Iceland National Bankruptcy, Gay Politicians, Iceland Economic Crisis, Gay Politics, Iceland Global Economic Crisis, Iceland Financial Crisis, Iceland Economy Collapse, Iceland, Iceland Bank Crisis, Iceland Bankrupt, Johanna Sigurdardottir, First World Gay Leader, Johanna Sigurdardottir Iceland, Johanna Siguroardottir, Johanna Iceland, First Openly Gay Prime Minister, Johanna Sigurdardottir Gay, First Gay Prime Minister, Sigurdardottir, Lesbian Prime Minister Sigurdardottir, Johanna SigurðArdottir, Iceland Gay President, Johanna Siguardardottir, Iceland Prime Minister, Iceland Gay Prime Minister, Gay Prime Minister, Iceland Prime Minister Gay, World News
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.

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Iceland's Ruling Coalition Dissolves

Iris Erlingsdottir | Posted 02.27.2009 | World

Read More: Global Economy, Iceland Economy, Iceland National Bankruptcy, Economic Crisis, Iceland Economic Crisis, Banking Crisis, Financial Crisis, Iceland Financial Crisis, Iceland Global Economic Crisis, Iceland Economy Collapse, Iceland, Iceland Bank Crisis, World News
Iris Erlingsdottir

This past week saw thousands of demonstrators descend upon Iceland's parliament, in protest of the government's handling of the financial and currency crises that have hit this small island nation.

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