Kristof Magnusson, “Inflation will pay!”:
“How did it come to this? The proverbial buck has already been passed round the ministerial departments and political parties - to varying degrees of amusement or dismay among the Icelandic population. But if you look deeper into Icelandic culture and history for reasons behind the current misery, you will find something that is familiar to all Europeans: the desire to be modern, to be one of the winners in the globalised world – paired with the inability to shed traditional behavioural patterns.”
(via)
