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Watch an audio slideshow of how traditional Icelandic rhubarb stew is made. Rhubarb is one of the few vegetables that grows effortlessly in Iceland and for that reason it used to be a highly-valued addition to the traditional diet of fish and lamb.
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The Financial Times has declared the end of a saga with the headline ‘Saga ends with Icesave redemption’ in an editorial about Monday’s verdict yesterday.
“To take part in Europe’s single banking market, states must make the sector set up and run a deposit insurance scheme. Iceland’s case is that this obligation is not a duty for the state itself to bail out failed banks’ creditors, especially not when the failure is one of the entire system,” the piece reads.
The article goes on to say that the verdict was a “victory for law and economic sense.” “The ruling makes clear that EU law does not require taxpayers to bail out private banks, the mistake that proved so disastrous for Ireland yet still claims pride of place in European banking policy doctrine. ”
The international media has reported extensively on Monday’s verdict by the EFTA Court that Iceland had won both its cases in the Icesave trial.
While the news was widely celebrated in Iceland, reactions were somewhat different among publications abroad, with The Telegraph running the headline ‘Icesave Ruling Costs U.K. Taxpayers GBP 100 m.’
Read more about the Icesave verdict here and here.
PS
On the way back to Reykjavík following this morning's news conference, at which the new government agreement was formally presented, the next Prime Minister of Iceland, Sigmundur Davíð Gunnlaugsson, and his assistant, Jóhannes Þór Skúlason, who was driving, were stopped for speeding.
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Leader of the Progressive Party, Sigmundur Davíð Gunnlaugsson, who held the mandate to lead coalition talks, presented the government agreement between the Progressive Party and Independence Party to the President of Iceland Ólafur Ragnar Grímsson at the presidential residence Bessastaðir this morning.
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The chairmen of the Independence Party and Progressive Party, Bjarni Benediktsson and Sigmundur Davíð Gunnlaugsson, formally presented the government agreement to the public at a press conference shortly after 11 am this morning.
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The party council of the Independence Party and central committee of the Progressive Party unanimously accepted the government agreement negotiated by their respective chairmen, Bjarni Benediktsson and Sigmundur Davíð Gunnlaugsson, yesterday evening.
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The 2013 April-May issue of Iceland Review & Atlantica has been released. Packed with informative and entertaining stories, highlights include an interview with outgoing Prime Minister Jóhanna Sigurðardóttir and the people who know her best, a photo essay of ice caves in Europe’s largest glacier and a colorful feature on life in the West Fjords.
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REVIEWS
The 11th Reykjavík Shorts & Docs. Catch it while it lasts!
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Artist couple Nína Ivanova and Ómar Smári Kristinsson explain why they decided to settle in the West Fjords’ capital.
Reykjavík Queer Choir’s annual spring concert takes place on Friday, May 24.
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