Iceland elections: Left government punished for its austerity programme Iceland has often been cited as a model of how to solve the economic crisis, being presented as an example of recovery without austerity. As we have pointed out before, this is far from the truth, as any person from Iceland will tell you. On Sunday, the left government was unceremoniously booted out. This is the price they pay for the austerity of the last four years.
The case of Iceland – the illusion of an amicable default As Europe teeters once more, staring financial collapse and slump in the face, we provide an analysis of what happened in Iceland, the first country to go under as a result of the global crisis of capitalism.
Outrage against IMF conference in Iceland We have received this report from Iceland about a protest outside a conference hosted by the Icelandic government and the IMF. The letter makes the point that the IMF package for Iceland has been unsuccesful and that ordinary Icelanders are struggling to make ends meet. It shows that the political and economic crisis in Iceland is continuing.
