In his last two posts, blogger Daði Rafnsson looks back at the words of an Icelandic political legend, Vilmundur Gylfason,

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.

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.

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.

Iceland, mired in financial crisis and all but bankrupt, is forming a new coalition government to fill the void left by Prime Minister Geir Haarde's r...