Welcome to Icelandistan

The Reykjavík Grapevine, the city’s English-language newspaper, makes every issue available as a free PDF. The cover of Issue #16 (PDF) declares “Welcome to Icelandistan” and the editorial begins:

I think I speak for everyone here when I write this: HOLY FUCK! The last few weeks have wrecked more havoc on this country than anything that’s not directly caused by a natural disaster. Our economy has been reduced to the standards Eastern Europe at end of the Cold War. As a nation, we are more or less bankrupt.

There’s some good reporting inside about the financial meltdown of the country, how and why it happened, and suggestions as to what might happen next (“cancel Christmas” is one).

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