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A death foretold

Here’s a link to an interview with two economists who predicted the economic crash in Iceland months before it happened. They are the authors of the report that the Central Bank and Icelandic government hushed up because the information was deemed “too sensitive”.

I know we’ve all heard the details a million times over [the f*ckups of the Central Bank, the incompetence of the government, yadayadayada] but just in case you feel like wallowing a bit more, they actually have some fascinating input. Egill, the host, starts by speaking in Icelandic, but switches to English quite soon.

The programme on which they were interviewed, Silfur Egils, has long been one of the most popular talk shows in Iceland and since the economic implosion it has been producing some of the most fascinating perspectives around.

Anne Siebert and Willem Buiter

MORE WINTER TODAY
But as many of you have pointed out, it’s nowhere near what temps are like in other parts of the Western World. Iceland is probably the most crazy misnomer there is. If it wasn’t for that pesky wind we’d be wearing our bathing suits year round … oh, wait. We do that already [at the pools]. Right now temps are at the freezing mark [0°C / 32F], sunrise was at 10:44 am, sunset at 4:33 pm.

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  • James January 20, 2009, 2:29 am

    So, it was already too late by the time that report was produced – and the Central Bank and government had to hush it up to avoid a run on the banks… I wonder what they’re keeping secret now…

  • Andrew January 20, 2009, 4:55 am

    Is there any way that the people of Iceland can have them prosecuted for something!?

  • Annie Rhiannon January 20, 2009, 8:51 am

    I used to make ads for Silfur Egils. One day I met the host at some ‘event’ (those were the days) and I said to him “Hello Silfur, it’s nice to finally meet you”. Er, I thought that was his NAME.

    (I feel I have told this story before. It is quite possible it was on this blog… apologies if so but it’s my only Silfur Egils story).

  • Dave Hambidge January 20, 2009, 1:04 pm

    My RSS by XML missed this post,again.

    I’ll try switching to AN Other and let you know.

    dave

  • Ann January 20, 2009, 2:51 pm

    About the weather in Iceland this winter?

    Was it fiction that I was taught: Iceland was a relatively nice place that far north and the discoverers wanted to keep everyone away and keep it for themselves, so they called it Iceland and pointed everyone to the “better” place “Greenland”?

  • Sigvaldi Eggertsson January 20, 2009, 3:20 pm

    Ann, the Sagas tell us that Greenland was named so that it would sound like a nice place and attract settlers but Iceland was discovered 150 years (or more) earlier.
    One of the early discoverers of Iceland came upon a fjord filled with ice in the North-west of the country after having lost most of his livestock so the name was given in something of a bad mood ( all according the sagas, of course)