Archive for the Icelandic politics, economy and news Category

The transition government in Iceland

Posted on April 17, 2009 by

On January 27th, after Mr. Haarde resignation, the president of the Republic of Iceland, Mr. Grimsson, assigned the mandate to the leader of the Social Democratic Party- Ingibjorg Gisladottir: his task is forming a transition government with the Left/Green Party. The goal is that this government composed by the Minorities guides Iceland until the new […]


Iceland: from the economical to the political crisis

Posted on April 14, 2009 by

The deep economical crisis that Iceland is experiencing along with the people pressure are the causes that damaged the stability of the Majority that is governing the island. On January 23rd the premier, Mr. Geir Haarde, declared his will to resign and to convoke anticipated elections on May 9th 2009. That government, formed by a […]


Iceland: the economical crisis becomes the crisis of a whole people

Posted on April 11, 2009 by

A few months went by since the break down of the Icelandic economy- this is not a big news any longer and therefore the media moved their attention to other topics. But the economical problems remain unsolved and common people pay the highest price. The country that seemed to be on the top for wealth, […]


The Banks in Iceland

Posted on April 9, 2009 by

In Iceland bank operations are quick, they have offices structured as any other commercial agency: there’s no cabinet to store metal objects, there’s no telecamera, no armoured doors. By the entrance there are kettle and coffee machine that offer warm drinks, free of charge; in a corner, there’s a small table with a few stools […]


Europe in favour of having Iceland into the Community

Posted on April 8, 2009 by

After the solidity of the Euro in front of the global financial crisis, the forces pushing to enter the Eurozone increased from both Great Britain and Iceland (traditionally, these countries have always been sceptical on the validity of the European system) . In Iceland, there are now a lot of people that talk about the […]


Currency and Banks in Iceland: The Icelandic Króna

Posted on February 24, 2009 by

In Iceland is in force the Icelandic Króna (isk). The Euro is accepted only in some places, mainly in the capital. It is useful, in case you wish to pay cash, to change money and buy local currency, considering that the exchange value of the Króna is very favourable for the Euro. It is anyway […]