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Check ethnicityology for Iceland in 2018.

Iceland from Volcano to Ash Part I

Iceland from Volcano to Ash Part I

How can the economy of a developed nation collapse in a matter of days. How can a country that is rich one day, the next day have to seek help from its neighbors to secure the import of necessary goods? This happened in Iceland in the days 6. – 8. October 2008. There are explanations. Adam Smith – the father of market liberalism – was concerned as early as 1772. He called what has now happened “overtrading” and did not…

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Iceland from Volcano to Ash Part II

Iceland from Volcano to Ash Part II

In the autumn of 2007, the first signs came that a major crisis was brewing in the world economy. Share prices on stock exchanges around the world plummeted, but they recovered in most places. This did not apply to the stock exchange in Reykjavik, where the bank shares accounted for 80 per cent of the total share capital. The Icelandic bank bubble was about to burst. Foreign banks and investors wanted their money back, the krone exchange rate fell more…

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Iceland from Volcano to Ash Part III

Iceland from Volcano to Ash Part III

Against promises of high interest rates, for example, 450,000 private individuals in England, the Netherlands and Germany deposited their savings in accounts in Landsbanki’s online bank IceSave. Many were tempted by similarly high interest rates on Kaupthing Edge. In addition, 108 municipalities in England used IceSave, plus a number of police districts, hospitals and foundations. Much of this is lost money, because in retrospect it turned out that the Icesave not had any deposit guarantee in European countries – only…

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Iceland Geography

Iceland Geography

Iceland is located in the North Atlantic between the Norwegian Sea, the Danish Strait and the open ocean, going from 63º lat. N to the Arctic Circle; it represents the emerging part of a vast submarine platform formed in the northern section of the great mid-Atlantic ridge. Structurally it is made up of powerful stratified basaltic formations, of Cenozoic origin, elaborated by glacialism. Volcanism and glacialism combined and equally grandiose are therefore the two fundamental traits of Icelandic geomorphology, so…

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Iceland Guide

Iceland Guide

Country data Location: Northern Europe Time zone: CET – 1 (CET – 2 applies during European summer time) Total area: 103,000 km² Land area: 100,250 km² Water area: 2,750 km² Length of the state border: 0 km Coastline: 4,970 km Capital: Reykjavík Regions: 8 Austurland, Hofudhborgarsvaedhi, Nordhurland Eystra, Nordhurland Vestra, Sudhurland, Sudhurnes, Vestfirdhir, Vesturland Electric current: 220 V / 50 Hz Telephone code: 00 354 (Source: Allcitycodes) Highest point: Zugspitze Hvannadalshnukur 2,110 m map Population Population: approx. 320,000 residents (Countryaah,…

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