Recently in question time in Alþingi it came to light that the fund that pays out unemployment benefits will run out in October if nothing changes for the better. In the news story that reported this one guy is quoted as saying something like it will happen if things will not get better or people start to move overseas. Isn't this economic crisis a ( Read more... )

Recently there was this guy on the news, and he was complaining about the state of the economy and the situation for regular people. The reporter asked him various questions, including how much he has to pay monthly on his various bills. The guy replies about $3000 (of course he used ISK, I'm just putting the amount here in USD to give it some ( Read more... )

There apparently was a bunch of foreign reporters in Iceland over the election, so you might be able to find something about them in your language ( Read more... )

Iceland Parliament to Oust Central Bank Chief

Nigerian Vigilantes Turn Goat In To Police, Accuse It Of Car Theft, Shape-Shifting Witchcraft

Story

( For those of you not sure what the mistake is I'll explain. )

Because of the recent financial fuck up a law was passed saying basically it was illegal for people to own foreign currency in their homes. To get foreign currency now you have to show that you need it, by for example showing the bank the airline ticket for your trip overseas ( Read more... )

The Royal Navy vs. pirates.

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... )

Crisis-hit Icelanders stay cool

Anyway the bit I liked in the story is "A few passers-by commented that, actually, things were perhaps not that bad. They didn't have any money anyway, so they had nothing to lose."