November 2008

… but he’s not telling. Seriously, you have to hand it to Doddsson, Chairman of the Board of the Central Bank and one of its three governors – if there is anyone here in Iceland who can drop bombshells, who can get the entire nation up in arms, who can single-handedly and instantaneously create a [...]

I don’t often post links exclusively, but I feel compelled to post this one. It’s probably the best comprehensive exposé I have read on this country’s current situation to date and captures uncannily well both the prevailing mood and the character of the Icelandic nation. Letter from Iceland – from the Financial Times. IT’S DAMP [...]

So, last week, in my first Notes from the depression post, I invited questions from readers – if there was anything they’d like clarified, I’d do my best. Choan wanted to know if, since fruits and veggies have gone up by around 60 percent, could people still afford to eat on Icelandic salaries? – I’m [...]

In the last few days, there has been major buzz around an idea outlined by two economists in an article in Fréttablaðið last Saturday, which revolves around Iceland unilaterally adopting a new currency – without taking a loan from the International Monetary Fund. The article outlines how this would be done, and by the sounds [...]