Iceland


WikiLeaks, hackers and conspiracy 
theories

Even if there’s no conspiracy against Wikileaks, there’s a persistent effort to portray it as an unethical or even illegal organisation, rather than a media outlet.

The freezing of Iceland’s banks

Before the earthquake, Iceland was in the headlines for its collapsing economy. The parliamentary investigation into what went wrong is in: banks broke the law and shareholders stole from their own bank.

Marieke Hardy: Lying idle in Iceland

Marieke Hardy innocently headed off to a wedding in Iceland, unaware she was going to land smack bang in the middle of a major natural disaster. So what to do now? Wait, drink whiskey, call the airport again…

How do you pronounce Eyjafjallajökull?

Iceland’s Eyjafjallajökull volcano spews out consonants and vowels in its impossible-to-pronounce 16 letter name. Listen to a bunch of New Yorkers attempt to say it. The correct pronunciation is more like “Hey, ya fergot La Yogurt”.

Qantas’ judgement clouded: passengers suffer as carrier reacts slowly to ash danger

While air traffic disruptions reached post-9/11 levels across the UK and most of Europe and the North Atlantic overnight, Qantas took a full 16 hours to get its head around the enormity of the volcanic ash situation.

PHOTO GALLERY: Iceland’s troublesome volcano

Flights are grounded all over Europe due to the skies being full of volcanic ash from Iceland’s Eyjafjallajökull volcano. Check out the flooding glacier damage, people peering at lava flows and the ash clouds engulfing the air.

Icesave my ass: who’s responsible for a bailout?

Iceland has voted to not pay back Britain and Amsterdam for bailing out their own consumers invested in Icesave, the bank that collapsed in 2008. But is this the right decision for Iceland?

We’re kidding if we think the GFC scars won’t last

Simon Nasht goes on a world tour of economic carnage caused by the global financial crisis, from Wall Street’s trading floor to abandoned factories in China. Where does the world go to from here?

Why the Golden Arches got frozen out of Iceland

No more fries with that. Iceland’s economy suffered the GFC worst than most and the collapse of the krona means that importing buns and burgers has become too costly for McDonald’s to keep its stores open.

Iceland’s woes aren’t thawing yet

A year ago the Icelandic government seized control of the country’s big three banks following a run on their deposits. The designer fashion shops are still kicking — but the piper (in this case the IMF) must be paid.

Small nations more volatile economically

Small nations, like New Zealand, are often viewed as “paragons of economic virtue”. But they have very volatile economic growth and consumption and more incompetent public servants.

Iceland a microcosm of the global credit crisis

In Iceland you can see the whole story of the global credit crisis, writes Glenn Dyer.

High-flying Iceland heading for a crash

Could Iceland be the first country to fall victim to the global financial turmoil? Glenn Dyer reports.