Affairs

Economics

New road ahead— Reykjavík

Preface

Instead of focusing on the political malaise caused by the collapse of its economy in 2008, Iceland’s close-knit and talented community – led by a new, grounded prime minister – is returning to old values, and reworking them into new opportunities.

Iceland, Economy

Wondering how the Vikings are getting on in post-crisis Reykjavík? One recent February night, more than 50 Icelanders in bathing costumes and woollen hats dived into the bitterly cold sea at Ylstrondin Natuholsvik, one of Reykjavík’s public beaches. Many swam for several hundred metres, some all the way around the distant buoy bobbing on the icy water. They then ran the 200m back to the clubhouse and jumped into a 38C geothermally heated swimming pool, where they spent the next hour or so chatting. Pool rules: no talk about the economy.

This event…

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