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 culturally and politically linked with Europe and 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. Iceland is on a rift between tectonic plates, and its 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 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 island's first permanent settler. 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 recession and the 2009 Icelandic financial crisis protests. 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 2007–2008 financial crisis 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 pictureMývatn is a shallow eutrophic lake situated in an area of active volcanism in the north of Iceland, not far from Krafla volcano. The lake and its surrounding wetlands have an exceptionally rich fauna of waterbirds, especially ducks. The lake was created by a large basaltic lava eruption 2300 years ago, and the surrounding landscape is dominated by volcanic landforms (pictured), including lava pillars and pseudocraters. The effluent river Laxá is known for its rich fishing for Brown Trout and Atlantic Salmon. News
Main topicsSelected biography -Björk Guðmundsdóttir OTF (/bjɜːrk/ BYURK, ⓘ; born 21 November 1965) is an Icelandic singer, songwriter, composer, record producer, and actress. Noted for her distinct voice, three-octave vocal range, and sometimes eccentric public persona, she has developed an eclectic musical style over a career spanning four decades, drawing on electronic, pop, experimental, trip hop, classical, and avant-garde music. She is one of the most influential pioneers in electronic and experimental music. Born and raised in Reykjavík, Björk began her music career at the age of 11 and gained international recognition as the lead singer of the alternative rock band The Sugarcubes by the age of 21. After the Sugarcubes disbanded in 1992, Björk gained prominence as a solo artist with her albums Debut (1993), Post (1995), and Homogenic (1997), collaborating with artists from a range of disciplines and genres, and exploring a variety of multimedia projects. Her later, post-nineties, albums consist of Vespertine (2001), Medúlla (2004), Volta (2007), Biophilia (2011), Vulnicura (2015), Utopia (2017) and Fossora (2022). (Full article...)Did you know (auto-generated) -
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