Jim Rogers interviews
President of Iceland Ólafur Ragnar Grímsson
Jim Rogers is a bestselling author and money manager who traveled the world twice. This video is part of the series of his trip to over
120 countries.
Copyright Jim Rogers - provided as a special contribution to The
Fenton Report
This interview discusses what
Iceland will be like in the future.
The President of Iceland is Iceland's elected head of state. The president is elected to a four-year term by universal adult suffrage and has limited powers. The president is not the head of government; the
Prime Minister of Iceland is the head of government. There have been five presidents since Iceland gained independence from
Denmark in
1944. The incumbent is Ólafur Ragnar Grímsson, who is now in his fourth term as president, being returned unopposed in 2008, having been first elected in
1996.
The presidential residence is situated in
Bessastaðir in
Álftanes. The nation's constitution specifies that when the president cannot perform the duties of the office, such as when he or she is abroad or under anesthesia, the prime minister, the president of the Althingi (
Parliament), and the president of the
Supreme Court take over the power vested in the office. The three vote on any presidential decisions that must be made during that time. The president is also the designated
Grand Master of the
Order of the Falcon.
Iceland, officially the
Republic of Iceland, is an island country located in the
North Atlantic Ocean between mainland
Europe and
Greenland. It has a population of about 320,
000 and a total area of 103,000 km². Its capital and largest city is
Reykjavík.
Located on the
Mid-Atlantic Ridge, Iceland is volcanically and geologically active on a large scale; this defines the landscape. The interior mainly consists of a plateau characterized by sand fields, mountains and glaciers, while many big glacial rivers flow to the sea through the lowlands. Warmed by the
Gulf Stream, Iceland has a temperate climate relative to its latitude and provides a habitable environment and nature.
The settlement of Iceland began in 874 when, according to Landnámabók, the
Norwegian chieftain
Ingólfur Arnarson became the first permanent Norwegian settler on the island.[4]
Others had visited the island earlier and stayed over winter. Over the next centuries, people of Nordic and
Celtic origin settled in Iceland. Until the twentieth century, the
Icelandic population relied on fisheries and agriculture, and was from 1262 to
1918 a part of the Norwegian and later the
Danish monarchies
. In the twentieth century, Iceland's economy and welfare system developed quickly. In recent decades, Iceland has implemented free trade in the
European Economic Area and diversified from fishing to new economic fields in services, finance, and various industries.
Today, Iceland has some of the world's highest levels of economic and civil freedoms. In
2007, Iceland was ranked as the most developed country in the world by the
United Nations' Human Development Index. It was also the fourth most productive country per capita, and one of the most egalitarian, as rated by the
Gini coefficient.
Icelanders have a rich culture and heritage, such as cuisine and poetry, and the medieval
Icelandic Sagas are internationally renowned. Iceland is a member of the UN,
NATO,
EFTA,
EEA and
OECD, but not of the
European Union.
Iceland has been hit especially hard by the world financial crisis. The nation's ongoing economic crisis has caused significant unrest in recent months and made Iceland the first western country to borrow from the
International Monetary Fund since
1976.
- published: 03 Feb 2009
- views: 4327