Out of the Abyss: Looking for Lessons in Iceland's Recovery

Out of the Abyss: Looking for Lessons in Iceland's Recovery

SPIEGEL ONLINE - January 10, 2014

In 2008, Iceland experienced one of the most dramatic crashes any country had ever seen. Since then, its recovery has been just as impressive. Are there lessons to be learned? SPIEGEL went to the island nation to find out. By Guido Mingels more... Comment ]

Interview with Iceland's Economy Minister: 'We Reacted Immediately to Symptoms of Crisis'

Interview with Iceland's Economy Minister: 'We Reacted Immediately to Symptoms of Crisis'

SPIEGEL ONLINE - November 26, 2012

In late 2008 and early 2009, all three of Iceland's major banks collapsed amid the financial crisis. Now, the country is experiencing economic growth once again and unemployment is falling. Economy Minister Steingrimur Sigfusson explains to SPIEGEL how it was done. more... Comment ]


Iceland's Toxic Legacy: Mountains of Debt Temper Hopes despite Recovery

Iceland's Toxic Legacy: Mountains of Debt Temper Hopes despite Recovery

SPIEGEL ONLINE - December 08, 2011

Three years after going bankrupt, Iceland has defied predictions by getting its finances back under control. But mountains of private debt have left thousands hopeless and skeptical of any salvation that could come from joining the European Union and adopting the euro. By Jan Puhl more...

Will Ash Hit Europe Air Traffic? Iceland's Grímsvötn Volcano Sparks Travel Jitters

Will Ash Hit Europe Air Traffic? Iceland's Grímsvötn Volcano Sparks Travel Jitters

SPIEGEL ONLINE - May 23, 2011

A year after the Eyjafjallajökull volcano caused European air travel chaos, another Icelandic volcano has blown its top. This time, Grimsvötn is the name on traveler's lips as they worry about the impact the volcanic ash cloud could have on flight schedules. Officials at the EU and in Germany say there is no reason for serious concern at the moment.   more...


Iceland's Political Outsider: From Punk Rocker to Mayor of Reykjavik

Iceland's Political Outsider: From Punk Rocker to Mayor of Reykjavik

SPIEGEL ONLINE - April 28, 2011

As a former punk rock hell-raiser and renowned comedian, Jon Gnarr may not have been the most obvious choice as mayor of Reykjavik in the aftermath of a financial crisis. But he has proved popular with the electorate, and his success has raised a question: Do outsiders make better crisis managers? By Jochen Brenner more... Comment ]

Eyjafjallajökull Study: Iceland Ash Did Pose Threat to Planes

Eyjafjallajökull Study: Iceland Ash Did Pose Threat to Planes

SPIEGEL ONLINE - April 26, 2011

Since the eruption of an Icelandic volcano caused havoc with Europe's air transport system just over a year ago, doubts have persisted over how dangerous the ash clouds really were. A new study has concluded that the ash released in the first part of the eruption did, in fact, represent a risk for planes. more...


From Eyjafjallajökull to Grímsvötn: A New Volcanic Threat from Iceland

From Eyjafjallajökull to Grímsvötn: A New Volcanic Threat from Iceland

SPIEGEL ONLINE - November 02, 2010

Just over two months after officials declared Eyjafjallajökull dormant, Icelandic geophysicists say a separate volcano is showing signs of life. Grímsvötn volcano may be about to blow its top -- and European air travel could once again be affected. more...

Eyjafjallajökull Strikes Again: Volcanic Ash Shuts Major European Air Traffic Hubs

Eyjafjallajökull Strikes Again: Volcanic Ash Shuts Major European Air Traffic Hubs

SPIEGEL ONLINE - May 17, 2010

Both Heathrow in London and Schiphol in Amsterdam were closed on Monday morning as volcanic ash from Eyjafjallajökull once again drifted across northern Europe. Meanwhile, a leading Lufthansa safety official resigns over controversial, low-altitude flights. more...


Clearing Skies: Europe Eases Flight Restrictions amid Fears of New Ash Cloud

Clearing Skies: Europe Eases Flight Restrictions amid Fears of New Ash Cloud

SPIEGEL ONLINE - April 20, 2010

Flights resumed in several European countries Tuesday after EU transport ministers decided to ease flying restrictions. Britain has warned that a new ash cloud may be approaching from Iceland, however, prompting fears of further disruptions. more...

Eyjafjallajökull Awakens: How an Icelandic Volcano Shut Down Europe's Airspace

Eyjafjallajökull Awakens: How an Icelandic Volcano Shut Down Europe's Airspace

SPIEGEL ONLINE - April 17, 2010

The eruption of the Icelandic volcano Eyjafjallajökull has brought European aviation to a near-standstill in the worst disruptions since 9/11. Airlines are hemorrhaging money and tens of thousands of passengers are stranded. But if the weather had only been a little different, the whole crisis might never have happened. By SPIEGEL Staff more...