Economy
Season of goodwill
The Christmas bonus is a time-honoured tradition but one usually reserved for those with a job to go to. Not so in Iceland: as the rate of unemployment hits a record low of 1.8 per cent, the Ministry of Welfare has announced new measures giving a little extra Christmas cheer to the country’s unemployed. This one-time payment of ISK65,162 (€535) will go to about 4,000 Icelanders who have been out of work for 10 months or longer and are actively looking for a job. Critics fear the cash could discourage people from trying to find work but the unemployment rate, which has been steadily declining since 2010, speaks for itself.