In the Land of no Show : "Iceland's anti-establishment Pirate Party has been asked by the president to try to form a new government, following October's snap elections. President Gudni Johannesson made the announcement after talks with Pirates head Birgitta Jonsdottir. The Pirates, who vowed radical reforms, came third in the elections in which no party won an outright majority. Two earlier rounds of coalition talks involving first the Independence Party and then the Left-Greens failed.
"Earlier today, I met the leaders of all parties and asked their opinion on who should lead those talks. After that I summoned Birgitta Jonsdottir and handed her the mandate," President Johannesson said on Friday. Ms Jonsdottir said afterwards she was "optimistic that we will find a way to work together".
In the elections, the Pirate Party - which was founded in 2012 - more than tripled its seats to 10 in the 63-member parliament.
The Pirates want more political transparency and accountability, free health care, closing tax loopholes and more protection of citizens' data. Opponents, however, say the Pirate Party's lack of political experience could scare off investors and destabilise Iceland's recovering economy."
Here's somein Q dug out earlier: "http://www.wsj.com/articles/iceland-shares-very-little-with-argentina-14...
"Mr. Glassman states that the Icelandic Parliament has passed legislation ordering the “conversion [of offshore krona] at between 190 and 210 krona to the dollar.” Parliament has done no such thing. The Central Bank of Iceland has announced that it will auction some of its foreign-exchange reserves to repurchase offshore krona for those holders who wish to exit their investments at this stage. Participation in the auction (the 22nd in a series of such auctions, by the way) is wholly voluntary. The bidders will decide what exchange rate they wish to bid and the Central Bank will decide what bids it can afford to accept....
There is one, but only one, similarity between Argentina and Iceland. Following the economic collapse in each country, a few hedge funds acquired distressed local assets for pennies on the dollar. If disappointed in the amount of profit they can turn on those trades, articles by hedge-fund lobbyists are sure to follow.
"The central bank on Thursday offered part of its foreign currency reserves in an auction to exchange $2.4 billion of mostly kronur-denominated Glacier bonds held by Loomis Sayles, Eaton Vance Management and hedge funds including Autonomy Capital. They were asked accept euros at a rate of as much as 50 percent below the official rate. The auction ran from 10 a.m. to 2 p.m. local time.
The offers will now be reviewed “over the days to come,” the central bank said in a statement Thursday. Results will be published no later than June 22."
And Iceland now belongs to?
Subtle? Oh OK, release the Kraken ...
Whats in a name, Iceland? a quick flick to Landnamabok: via Bede ;-) https://northvegr.org/sagas%20annd%20epics/miscellaneous/landnamabok/003...
"Britain should build a new capital city in the middle or north the country to combat the north-south divide, the government has been told.
Lib Dem peer Lord Greaves said on Tuesday that London should be stripped of its status as it was making the economy “unbalanced”.
And Lord West of Spithead, the former head of the Royal Navy, said parliament should be placed on a ship and sailed around the country.
Lord Greaves told the House of Lords today it would be a good idea that “a wholly new capital city is built somewhere near the geographical centre of the country in the midlands or the north."
Thing is, how far North? Where is the North? Is it worth sacking ... and has it been done before? http://www.historyofyork.org.uk/themes/medieval/king-edward-i-and-york
Anyhoos, some say Rome wasn't built in a day ...
"Iceland’s president has invited the anti-establishment Pirate party to form a government, after the right- and leftwing parties failed in their bids. Guðni Jóhannesson made the announcement on Friday after meeting with the head of the Pirate’s parliamentary group, Birgitta Jónsdóttir. “I met with the leaders of all parties and asked their opinion on who should lead those talks. After that I summoned Birgitta Jónsdóttir and handed her the mandate,” he said...
"they failed to find common ground on issues including relations with the EU, institutional reform and fishing. The president then called on the Left-Green Movement, the second-biggest party, to form a government. Despite holding talks to build a five-party coalition from the centre-right to the far-left, disagreements over taxes and other issues led the negotiations to collapse in late November. The president then allowed the parties to hold informal talks, which led the Independence party and the Left-Green Movement to discuss terms for sharing power. But the diametrically opposed parties could not find enough common ground.Giving the Pirate party, which came third in the election, the chance to build a government has been seen as a bold move that is not guaranteed to be a success.
“I am optimistic that we will find a way to work together,” Jónsdóttir said."
Tetonic? Fast pedals ... https://www.wired.com/2012/04/peddling-fear-of-an-icelandic-volcanic-eru...
Plate smashing ... mebbe if ignored it will go away ... Elves.