Archive for May, 2009

According to a Forbes magazine article Iceland tops the list of nations who spend most time at work. I look at this as a bad thing, a socially negative matter that needs to be solved as soon as possible. This has been the pride of so many Icelanders for so long. It is good to... »

The parties responsible for fixing the damage done by the economic collapse here in Iceland are the Prime Minister’s office, the Financial Supervisory Authority and the Minstry of Financy. According to various media sources nobody of those parties are taking control and nobody seems willing or able to actually take any decisions. This apparent... »

An interesting idea has surfaced at the parliament about the Glacier bonds (see Glacier bond explaination here). The Citizen movement, the new political party suggested that instead of being economically crushed by threat that the Glacier bonds hold over the economy. The danger is that all the bonds will be cashed in that would subject... »

The new bank Íslandsbanki hf. (used to be called Glitnir) took over 47% of Iceland Air. The only major airline to fly to and from Iceland on a regular basis. The new bank is owned by the government so the airline has in that sense been nationalised. The news did not come as a surprise... »

Inflation has been severe the last few months, and it has been high for years. This has ment that products have increased in value. Shoes and clothing have gone up 50% and the price of cars has skyrocketed. Sale of new cars for example has gone down 90% at least. Corn and bread have gone... »

In the German version of Financial Times’ editorial it says that Iceland’s interest in joining the EU might upset other nations within the EU. This article is interesting. It claims that the only reason Iceland wants to join the EU are selfish ones.  Iceland is the perfect state for the EU, from both financial and... »

Both ruling parties promised an open government, transparency was supposed to be a crucial element in the birth of the New Republic. It seems that a new Banana Republic is being born. It is rather sad to be a partial supporter of one party and it completely lets one down. I voted in the last... »

One of the main issues of the saucepan revolution here in Iceland was the demand for a constituent assembly that would make a new constitution in order to prevent such a travesty as the economic collapse. The assembly was promised by the Left Green and the Social Democratic Alliance when they took over the... »

Gordon Brown the British PM has done it again. This latest faux pas has turned out to be a serious act of desperation. In a parliamentary session discussing the Christies Hospital in Manchester two days ago Mr Brown said that the Hospital had lost 6,5 million pounds on the IceSave accounts at Landsbanki. That is... »

The new government consists of the two parties that have led the nation since January, that is, if they can agree on a government pact. The main issue is the EU application for Iceland. Should the nation go in or stay out. This has been talked about on this page quite a lot before. What seems... »