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Good news!

Sigrún Davíðsdóttir, RÚV’s London correspondent, who is definitely one of the best reporters on the Icelandic collapse in any language, has started a blog — in ENGLISH!

Here is Sigrún commenting on the Icesave referendum on Al-Jazeera yesterday:

[Her bit starts at around 8.30 minutes]

Sigrún’s blog is here.



Comments on this entry are closed.

  • kevin oconnor,waterford ireland March 6, 2010, 11:33 pm


    How dare you viking hedge fund managers dare to to strike a blow against the crown dam you I,LL have you flogged and transported to australia

  • Andrew (the other one) March 7, 2010, 12:11 am

    “I,LL have you flogged and transported to australia”

    Milton Keynes, you mean surely?

  • kevin oconnor,waterford ireland March 7, 2010, 12:51 am

    @Andrew(the other one) Naw sorry mate leighton buzzard is bad enough for me !!

  • Andrew (the other one) March 7, 2010, 1:08 am

    A verg good blog. I have bookmarked it next to The Iceland Weather Report.

    I’d also recommend the following blog


    by Rebel Economist. The March 3rd entry “On thin ice” gives the viewpoint from the British financial sector. You may not agree with it, but it shows where the British negotiating position comes from.

  • Alan March 8, 2010, 9:33 pm

    Near the end of the piece the EU’s effect on the Icelandic fishing Industry is considered.
    Well, the Irish one was small and happily ‘underdeveloped’ but was a viable living for hundreds of people & thousands more directly benfefited, nad the the EU fleets destroyed the Irish fish stocks and obliterated our industry.

    By the way, congratulations to the people of Iceland for their stance against the attempted debt transfer.
    We in Ireland have had ninety billion of bank debts accrued through the collapsed property market here, with tens of billions more transferred from healthcare, education, etc. to recapitalise theese same institutions, condition-free.
    A word of warning on European Union membership; the Irish property bubble – the unsustainable & undesirable truth behind the falsely-trumpeted ‘economic miracle’ here four or five years ago – was created by the immigration of almost one million people largley from the then new EU member states.
    Most of these people were placed in jobs at lower rates than their Irish equivalents, and large welfare payments – circa 1,000 euro per month – were given to them to enable them to live here, amongst many other payments.
    This money was paid to their Irish landlords, a particularly vile class of individuals, and house prices rose from an average of 200,000 to 500,000 in four or five years. Colossal mortgages -100% of property prices – were given freely by the banks, and the government exempted the landlords from taxes on their rental incomes, but kept the country afloat on duties paid by the property owners on the original purchase price of their ‘investments’.
    In a few years the number of properties in the Irish Republic doubled. Our population had been 3.5 million; we were told it had risen to 4.5, but a much larger figure is certain.
    When the collapse came, the temporary ‘Goldrush’ jobs of the flimsy Irish Boomtown quickly went too.
    The govt. rushed in & guaranteed all the bank debts, with public funds & the promise of further money from the same source.
    The government of Ireland in no way serves it’s people – it is a Mafia-style organisation serving a small elite of about 5 % of the population – and the banks & property developers, of course.
    A ‘National Asset Management Agency’ has been set up, which has as it’s aim to prevent as much as possible further price drops occur in the property sector (which are at present about 50 % of the peak and still falling).
    To this end, immigration rates have been maintained at about ten thousand per month for at least the last 12 months ( the collapse came in Summer 2008) in order to encourage would-be landlords into buying some of the 350,000 vacant residential properties currently on the market – a yearly welfare payment of ten thousand euro per annum is immediately available to all adult individuals arriving in the State, along with about two-thousand p/a per child dependent and a further 12,000 in payments towards rent for each year.
    All debts owed to the banks from private developers/investors which cannot be salvaged in this manner are to be tranferred to the Irish taxpayer. Estimates vary that between 20 & seventy billion will be transferred.
    This has all been given the green-light by the European Union, (who have also agreed to restrict competitors with clean records and debt-sheets from accessing the Irish banking market.)
    Why ? They fear a further Greece-style factor destabilising the Eurozone.
    Officially, one sixth of the population is now unemployed, and rises daily by about two hundred. Weekly job vacancies are only in the dozens, mostly temporary, & poorly-paid.
    The government have decreased spending on health, education, etc.(which were in poor enough condition as a result of EU-directed privatisation attempts), and are currently seeking to impose a National wage cut of 15 %, with high earners often excluded through loopholes.
    The profits, when they existed, were privatised.
    The losses have been nationalised.
    I have the deepest respect for the Icelanders who voted against the attempt that was made on them by the Dutch & British guardians of speculators.
    I hope the government of Iceland has the decency to protect it’s people and fight the criminality of the European Imperial financiers.
    & doesn’t do what the scumbag government of Ireland did to it’s people.
    Be very wary of the EU.

  • alda March 8, 2010, 9:45 pm

    Wow – thank you Alan for sharing that!

  • Alan March 8, 2010, 9:54 pm

    Reading back over it, it looks like I was having a rant about immigrants; which wasn’t my intention.
    Stable, well-thought out immigration is fine, and the newcomers must be allowed to participate with the existing population on an equal footing (equal wages & standard of living, etc), which wasn’t the case here at home.
    Best wishes…

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