The Northern Future Forum opened today with a press conference at Grand Hotel, Reykjavik. Prime Minister Sigmundur Davíð Gunnlaugsson stressed the importance of the informality of the meeting, RÚV reports. Thus, representatives of the participating countries wore no ties this morning. The forum is attended by leaders and other government representatives from the Nordic and Baltic Countries, as well as Great Britain.
The leaders and other representatives forgo their ties. Photo: Geir Ólafsson/Iceland Review.
Despite the lack of ties, a conference such as this one is considered essential in building ties between the participating nations.
In his opening speech, Sigmundur said that because of the small size of Iceland, the public sector was unavoidably at the forefront. Expenditures to the public sector have increased manifold since the country gained independence in 1944 and now are eleven times what they were then.
He mentioned the importance of establishing an environment to give entrepreneurs a chance to do what they do best. British Prime Minister David Cameron supported that view and described creative industry as essential, having a positive economic impact and being attractive to investors.