President Ólafur "piglet" Ragnar Grímsson has vetoed the bill to pay back money to the UK and The Netherlands. Story at the BBC. It seems that we'll have the first referendum in the history of the Republic ( Read more... )

The USD/ISK exchange rate.

If this link works you should see a graph. On the y-axis is the value of the USD in ISK. The starting point is the first day of 2008 and we don't have information for days in the future.

EDIT: I meant to link to the 1 year graph, but for some reason I only can link to the 6 month one. Click 1ár to see the one year graph

Some Icelanders have taken to protesting the fact that Iceland seems to be way up a shit creek and is having trouble finding the paddle.The amusing this is that during the protests, and they've been on every Saturday since early October, a bunch of photographers both amateur and professional go there as well ( Read more... )

Now that Iceland is beaten, bullied and buggered (figuratively speaking) a lot of companies here are emphasizing that they're Icelandic, flying the flag and just saying "We're Icelandic, dammit!" I kinda like it, but wish it didn't take the whole financial sector to go SPLAT! for people to do this.

Some people here are pretty convinced that the situation Iceland finds itself in right now is the fault of the sitting government, specially the Independence Party. Those people have had marches and stuff like that. And it seems that they're convinced that everything will be better if there is an election and there will be a new government. Let's ( Read more... )

Now it's cheaper for foreigners to visit Iceland.

The exchange rate has gone down vs. just about every currency there is, so now you get more for your buck (or euro, pound, frank etc.).

So come visit Iceland while it's cheap.

About his financial predicament here in Iceland.

What do you expect in a country where the head of the Central Bank is a lawyer? Can you name one country in the world where the head of the Central Bank (or similar institution) doesn't have a degree in economics or finance?

And to make matters even better the Finance Minister is a veterinarian!

There's an article in the New York Times about the Icelandic economy and how the outlook is bleak. I found the link to the article on an Icelandic forum, and there people most people weren't ready to accept that everything wasn't peachy here ( Read more... )