"I want to go as many others , and take up Dollar and throw away
our Króna , its done ."

Back in April it was reported that SUS, the youth arm of the Independence party (many over 30 years old) had agreed to pursue that Iceland adopt the US dollar.
The strange thing about this SUS idea was the fact that the Independence Party has been adamant to keep the ISK.
All their actions either political or economical have had one aim only.
DO NOT ENTER THE EU AND FIGHT TO THE DEATH TO KEEP THE ISK.

The Independent Icelandic News commenting then on this apparent split in the discredited Independence Party ** said

"So many have the the view that EU membership would plunge us into financial chaos, unemployment, and straight to hell.
I fail to spot a difference to the current situation Iceland is in at the moment.
They all have their views, but nobody has any solution, they refuse to discuss the EU on a professional level, and when forced to address it, they just make doomsday predictions that have not merits in reality."

The Idependent Party expresses the greatest faith in free markets.
It is also, as an old schoolmate of the then prime minister's was quoted as saying , "all men, men, men. Not a woman in it."

But now the reviled Geir Haarde has finally stepped aside; he was replaced by Johanna Sigurdardottir, a Social Democrat and the first female prime minister of Iceland who has commenced negotiations and, when the nation can see both the benefits and losses of EU membership, has agreed a referendum to enable the nation's citizens to vote on the issue.

Far from being a 'sad' day for Iceland many see it as an auspicious start equated with the 'politics of change' in the US



** not just the likes of Sigurjón Einarsson benifited from Iceland's attempt to re-invent itself as a global financial power

It has been reported that Kaupthing Bank loaned its staff a total of ISK 47.3 billion (in the region of USD 640 million at the time) solely to buy its own shares in 2006 alone.
It is reported that Kristjan Arason, then head of commercial banking was granted ISK 893 million in so called 'bullet loans'.
Arason is the husband of former Independence Party Minister of Education Thorgerdur Kartin Gunnarsdottir.

The board of Kaupthing decided on September 25th 2008 to write off all personal liabilities of the employees of the bank because of loans for purchasing stocks.
This write off of personal liabilities was in total 10,5 billion króna.
Close to half of that write off or around 4,9 billion króna was a write off of personal liabilities of seven former highest CEO´s of the bank.
The new board however has said that the loans are still in the books of the bank and have not been written off while the lawsuit of share holders because of the loans is being processed.

Sigurjon Th. Arnason, while governor of Landsbanki, took the decision to sponsor the Independence Party with 25 million krona