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ingibjorg2We have a red day in Iceland tomorrow. Well some do, I have a glittery, purple, silvery, navy blue, dark-grey day.  more

 
lambing2Click on the picture to watch an audio slideshow of the lambing season at Brimnes, a farm in the north of Iceland, in April 2008. Sheep farmer Arnar Gústafsson and his girlfriend Edda Björk take shifts watching over the nearly 300 ewes and helping them give birth 24/7 for about two months or until the last lamb is born. In Iceland, the arrival of lambs is synonymous with the arrival of summer. The lambing season is currently at its height.  more
Located just 40 minutes by car and six minutes from Keflavík International Airport, Sandgerdi (“Sandy Hedge”) is a growing town of 1,700 with a storied history and loads to see. Read this special promotion about the hidden secrets of one of Iceland's most charming seaside villages.  more
MOST READ

21.02.2012 | 18:00

Better to Build Up Euro than ISK?

Journalist Richard Barley asks in today’s Wall Street Journal: Who has had the better crisis: Ireland or Iceland?

icelandickrona_ipa
 
The Icelandic Krona. Copyright: IPA.

According to Barley, many would say Iceland, which Friday won a Fitch upgrade that restored it fully to investment-grade status; that puts it a step ahead of Ireland, which still has a “junk” rating from Moody's.

In the short-term, this verdict is probably right. But in the longer-term, Ireland’s Euro membership may bring benefits,” he concluded. 

In 2008, the banks and financial systems were too big in both countries, and collapsed. Building a new financial system in both island states has cost taxpayers 45 percent of GNP in Iceland and 40 percent in Ireland.

Last year Iceland’s economy grew by three percent  but Ireland by only one percent. But in the long term, Richard Barley believes the prospects for Ireland are better, because of one thing: the Euro.

PS



 
Comment    

blafjoll_psMagnús Skarphéðinsson, principal of the Icelandic Elf School, has expressed his concern that Independence Party MP Árni Johnsen may be subject to an accident after relocating a boulder allegedly inhabited by elves to his home in the Westman Islands.  more
rvklive2012_logoThe first music festival this summer, Reykjavík Live, kicks off with concerts in the center of Iceland’s capital tonight and will carry on through May 20. The venues are Gamli Gaukurinn, Glaumbar, Prikið and Frú Berlaug.  more
thoraarnorsdottir_prescand_fbPresident of Iceland Ólafur Ragnar Grímsson and his main rival for the presidential election on June 30, Þóra Arnórsdóttir, are supported by an almost equal number of voters, 41.3 and 43.4 percent, respectively, as indicated in a new survey.  more
money-banknotes_psThe West Fjords District Court ruled on Monday that a man found guilty of having drowned a Labrador by tying its front and hind legs, fastening it to car tires and throwing it in the ocean is to pay ISK 100,000 (USD 786, EUR 612) in fine.  more
















 
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forsida_ir_1-2012The current issue of the quarterly magazine Iceland Review includes interviews with fashion photographer Saga Sig and conceptual artist Rúrí. Also, we take you to Grímsstaðir á Fjöllum, that desolate land coveted by a Chinese tycoon, and also explore Icelandic archeological remains. We discuss the Icelandic Church, the flourishing gaming industry, debate the future of Iceland’s energy resources and interview the president of the Icelandic National League of North America. Subscribe now and receive a free photo book by IR’s editor Páll Stefánsson of the Eyjafjallajökull eruptions. Click here to subscribe to the magazine and here to buy a gift subscription.  more



REVIEWS
krass_rvkshortsdocsThe Reykjavík Shorts&Docs was held in Reykjavík from May 6 to 9 in Bíó Paradís, and what an enriching experience it was to attend the festival.  more
remains_of_the_day_psShedding light on Iceland’s thousand-year history, as manifested in remains ranging from Viking graves to enchanted sites, Mannvist is a fundamental piece of writing. Ásta Andrésdóttir met with its author, archaeologist Birna Lárusdóttir more
houseproject_hf_hafnarborg“The House Project” currently on display in Hafnarborg, the Hafnarfjörður Centre of Culture and Fine Art, is a new artwork by Hreinn Friðfinnsson consisting of a photography series of the three houses. His work is described as “a poetic and philosophical exploration of every day human experience.”  more
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