Replies

Actually it is wrong but often repeated in these latest news stories about Icelands elections that these two parties were in power during the crash. These two parties had overseen the longest period of prosperity in Icelandic history, but the progressives were replaced in the coalition by the social democrats a year earlier when the excessives of the boom were everywhere and those politicians that had warned about it and the economic mishandling by some of the worst companies were beeing sidelined.

The realignment of the coaliion was in fact a behind the scenes coup of those that did not want to rein in the banks and their owners, those that wanted to close their eyes and keep the party going, but still the social democrats managed through their people in the media (we have a powerful state media here) to put the blame on everybody but themselves, so they won big last time.

But now everybody has had enough of their mishandling of the economy and lost opportunities, so much that the left splintered into many parties, (14 parties in total competed, 4 on the left got in) and the two governing parties replaced their heads to try to distance themselves from the government.

It was not because of supposed austerity which media outlets abroad have latched on in a way to spin the news here to their own ends back in their home countries. There was no austerity, at least no signicant cutting of spending, only higher and higher taxation which hindered investment, and the only solution from them was that the EU would save us.

But guess what, we dont want to trust anybody else for saving us, we will do it ourselves here in Iceland, because we know that the regulations of the so called EU experts were what helped put us into this mess in the first place.

In case you are interested i pinged you guys, please let me know if there are others (that I may have forgotten also) that might be interested in what is going on in my little country situated between Europe and the US, trying to keep its independence from both, but trading with both and securing a good life from a harsh and rugged land with a small population.

Funny is that you will never have a Free Trader Communist Globalist in the US look objectively at why the EU continues to crash....and that the Iceland model of handling the Failure of Free Trade (which is what is really happening in the EU...Failure of Free Trade) is a much better remedy than the Free Trader recommended and used taxpayer-subsidized Bank Bailouts and seizure of private funds/property to temporarily stabilize economies.

I just hope Iceland is careful when dealing with Communist China...US Free Traders sure have not)

Needs more hyperbole. (About par for Russkie propaganda.)

(No offense to Iceland, but no one cares about how the population of a country that amounts to a small suburb elsewhere may vote - other than what that geographic “economy zone” that surrounds the country may promise in exploitable commodities...)