The greening of Iceland.

[formercia]

http://www.kitco.com/ind/nadler/oct212008A.html

--snip--

"More than any of its Nordic neighbors, Iceland under Prime Minister Geir Haarde imbibed the economic policies of Margaret Thatcher and Ronald Reagan -- state-asset sales, light regulation and corporate growth abroad through debt. Now that the hangover has arrived, many of Haarde's countrymen want his Independence Party-led coalition to pay the price for turning one of the world's wealthiest countries per capita into a beggar state staving off depression.

"Many find that the government has mishandled the situation," said Thorvaldur Gylfason, a professor of economics at the University of Iceland and a former International Monetary Fund economist. "A major political realignment will take place at the next election," which must be held by May 2011. That's not soon enough for many of Iceland's 320,000 citizens, as may become clear when the first opinion poll since the country's three biggest banks collapsed into receivership this month is released on Nov. 1.

"We can never ever have a fresh beginning with the same people," said G. Birnir Asgeirsson, owner of car retailer Bill.is. "This was such a big bust, they can't get around it. They can't just move on." Ingibjorg Elsa Bjornsdottir, a 42-year-old geologist from Selfoss near Reykjavik, said she will vote for the Left Greens, the biggest opposition party.

--snip--

[Karenina]

1. "We can never ever have a fresh beginning with the same people,"

'nuff said.