Portal:Iceland
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Iceland (Icelandic: Ísland, pronounced [ˈistlant] ⓘ) is a Nordic island country between the North Atlantic and Arctic Oceans, on the Mid-Atlantic Ridge between North America and Europe. It is linked culturally and politically with Europe and is the region's most sparsely populated country. Its capital and largest city is Reykjavík, which is home to about 36% of the country's roughly 380,000 residents. The official language of the country is Icelandic. Located on a rift between tectonic plates, Iceland's geologic activity includes geysers and frequent volcanic eruptions. The interior consists of a volcanic plateau characterised by sand and lava fields, mountains, and glaciers, and many glacial rivers flow to the sea through the lowlands. Iceland is warmed by the Gulf Stream and has a temperate climate, despite a latitude just south of the Arctic Circle. Its high latitude and marine influence keep summers chilly, and most of its islands have a polar climate. According to the ancient manuscript Landnámabók, the settlement of Iceland began in 874 AD when the Norwegian chieftain Ingólfr Arnarson became the first permanent settler on the island. In the following centuries, Norwegians, and to a lesser extent other Scandinavians, immigrated to Iceland, bringing with them thralls (i.e., slaves or serfs) of Gaelic origin. (Full article...) Selected article -The Icelandic financial crisis was a major economic and political event in Iceland between 2008 and 2010. It involved the default of all three of the country's major privately owned commercial banks in late 2008, following problems in refinancing their short-term debt and a run on deposits in the Netherlands and the United Kingdom. Relative to the size of its economy, Iceland's systemic banking collapse was the largest of any country in economic history. The crisis led to a severe economic slump in 2008–2010 and significant political unrest. In the years preceding the crisis, three Icelandic banks, Kaupthing, Landsbanki and Glitnir, multiplied in size. This expansion was driven by ready access to credit in international financial markets, in particular money markets. As the financial crisis of 2007–2008 unfolded, investors perceived the Icelandic banks to be increasingly risky. Trust in the banks gradually faded, leading to a sharp depreciation of the Icelandic króna in 2008 and increased difficulties for the banks in rolling over their short-term debt. At the end of the second quarter of 2008, Iceland's external debt was 9.553 trillion Icelandic krónur (€50 billion), more than 7 times the GDP of Iceland in 2007. The assets of the three banks totaled 14.437 trillion krónur at the end of the second quarter 2008, equal to more than 11 times the national GDP. Due to the huge size of the Icelandic financial system in comparison with the Icelandic economy, the Central Bank of Iceland was unable to act as a lender of last resort during the crisis, further aggravating the mistrust in the banking system. (Full article...)Selected pictureFimmvörðuháls is an pass between the glaciers Eyjafjallajökull and Mýrdalsjökull in South-Iceland. In 2010 there was an fissure eruption, originating from Eyjafjallajökull. This picture is of said eruption. News
Main topicsSelected biography -
Vigdís Finnbogadóttir (Icelandic: [ˈvɪɣtis ˈfɪnpɔɣaˌtouʰtɪr̥] ⓘ; born 15 April 1930) is an Icelandic politician who served as the fourth president of Iceland from 1980 to 1996. Vigdís is the first woman in the world to be democratically elected as president. Having served as president of Iceland for 16 years, she is the longest-serving elected female head of state in history. She is to date Iceland's only female President. Vigdís is a UNESCO Goodwill Ambassador and a member of the Club of Madrid. (Full article...)
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Selected quoteGeneral imagesThe following are images from various Iceland-related articles on Wikipedia.
Selected panoramaÖxnadalur is situated in Tröllaskagi, a mountainous peninsula with several peaks reaching over 1000 meters above sea level.
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