States
Iceland


"Can’t pay back, won’t pay back!" The people of Iceland have now twice voted not to repay international debts, incurred by banks and bankers, for which the whole island is being held responsible. With the present turmoil in European capitals, could this be the way forward for other economies? - An inside look by Silla Sigurgeirsdóttir and Robert H. Wade into the country’s financial tsunami and its stunning road to recovery.
Open Letter: Support Iceland Against the Financial Blackmail of the British and Dutch Governments and the IMF
by
Birgitta Jónsdóttir

A group within the Icelandic Parliament, called The Movement, has emerged from the mass struggle of Icelanders against the financial blackmail brought to bear against their country by the governments in London and The Hague, with the backing of the IMF, in the wake of the insolvency of three large Icelandic banks linked to the Lehman Brothers-AIG world financial panic of September-October 2008.

Ólafur Ragnar Grímsson
The collapse of our banks and the difficulties following in the wake of the world economic crisis have created profound difficulties. Although the Icelandic state has undertaken various liabilities of a magnitude greater than those involved in the Icesave case, the debate on this case has become the focus regarding how we deal with the challenge of the past and also of the future.
The Althingi has now again passed legislation on this matter. This amends the current (...)