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Iceland

Don't miss this Video: How Iceland saved its economy from ruinous dictates of the International Monetary Fund

(This article originally published 27 Sep 2013. See also: 'Iceland proved there is a way of dealing with financial crisis in isolated country' of 27 Apr (includes embedded broadcast) and Iceland President accuses England, Holland of financial bullying of 1 Feb 2010 on YouTube.) As Iceland’s banking system went into meltdown at the start of the global financial crisis, it came under enormous pressure from the rest of Europe to accept crippling austerity measures that would have burdened its people for generations to come. And yet the tiny island nation stood up to the European Goliath, defiantly opting for democracy even as it stood on the brink of bankruptcy. What can Iceland teach the world about the power of the people and the rule of law? To discuss these issues, Oksana Boyko, powerful Worlds Apart journalist, is joined by the President of Iceland, Olafur Grimsson. The video inside includes a hilariously black piece of humour in footage of Milton Friedman telling a much younger Olafur Grimsson that his values could only lead to tyranny. Olafur Grimsson argues in retrospect that Friedman led the tyranny of the market which is currently impoverishing the states that do not stand up to the international bankers.

Rio+ 20 = Hot Air

George Monbiot wrote that Rio+20 is 283 paragraphs of fluff.
If this is the best our world leaders can come up with, what is the solution to our global environmental crises?
We are running out of time ..... does Iceland's arrest of corrupt government officials hold the key?
What can we do next?

Þórsdagr Thor's Day

Icelanders have rejected demands from England to repay US$5.3 billion blaming the debt on the 'gross negligence' of Iceland's former Prime Minister Geir Haarde and central bank chief David Oddsson during 2007 and 2008.

With Gordon Brown pledging legal action against the Icelandic government for refusing to honour its obligations, Iceland's pagan god Thor has lashed out at the foreigner, erupting one of Iceland's dormant volcanos on the Eyjafjallajökull glacier last Thursday [Þórsdagr Thor's Day] and sending plumes of ash southwards over the UK.

Iceland, the most peaceful country on earth

The news that Iceland has been named in the Global Peace Index as the most peaceful country in the world for 2008, whilst Australia slipped from 25th to 27th and Canada slipped from 8th to 11th, moved Tim Murray to publish his own earlier reflections upon his mother's native land.

See also The Australian's April fool's joke

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