Close to Iceland's Keflavík International Airport lies a special bridge. It connects two continents, America to the west and Europe to the east, as it lies across the point where two tectonic plates are diverging. A few minutes southwards from the bridge is Gunnuhver, a hot spring area named after a ghost.
18.09.2012 | 19:00
Iceland Central Bank: Euro Adoption Unlikely Amidst Crisis
The Central Bank of Iceland published a 622-page report, which provides detailed analysis of Iceland's currency and exchange rate policy options, yesterday.
The Central Bank of Iceland. Photo copyright Icelandic Photo Agency.
Among the report's conclusions was that Iceland, which EU membership talks are ongoing, cannot consider a currency switch until both the Icelandic króna and the euro have stabilized, businessweek.com reports.
Minister for Industry and Innovation Steingrímur J. Sigfússon told ruv.is that it is important to continue to prepare for a future with the króna, given that no agreement has been made otherwise.
Click here to read more about Iceland's EU membership talks.
The Reykjavík District Court today handed four former key executives and majority owners of Kaupþing Bank the heaviest sentence ever given in Iceland for economic fraud in the so-called Al-Thani case.
The October-December issue of the print edition of Iceland Review is packed with interesting material, such as a travel feature on Flatey Island, interview with chair of Samtökin 78 – The National Queer Association Anna Pála Sverrisdóttir and a guide to spotting the northern lights accompanied by Páll Stefánsson’s photos. Click here to view a selection of pages from the current issue and here to subscribe.
It would be easy to get washed away in all the hype but Ásgeir’s In the Silence, the English language version of his breakthrough debut album Dýrð í dauðaþögn, truly deserves all the praise it’s been getting.