Iceland Sinks

Haukur Már Helgason

Last April, the Icelandic government published a report on the country’s image written by a committee of its leading businessmen. It summarises Iceland’s history thus: ‘For a long time, the nation lived through hardships, but once it achieved freedom and independence it leaped in less than a century from being a developing country to being one of the richest nations in the world.’

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