Former Icelandic Prime Minister Geir H. Haarde visited Ireland last week with bad news for the ‘Celtic Tiger’, saying its economy will shrink more than Iceland’s this year. Read the full story

An article by Philip Lane, Professor of International Macroeconomics and Director of the Institute for International Integration Studies (IIIS) at Trinity College Dublin:
Iceland is undergoing a traumatic financial crisis. This column argues that the main anchor for its recovery strategy should be EU membership and entry into the euro area. Read the full story

UPDATE: The Manchester schoolchildren, along with other passengers from the aeroplanes from London and Dublin, were supplied with blankets and pillows and overnighted at Akureyri Airport. They will be flown to Reykjavik this morning, where the planned part of their Iceland adventure can commence. Read the full story