Articles by Sigrún Davídsdóttir

About the Author

Sigrún Davídsdóttir
Sigrún Davídsdóttir is an Icelandic journalist based in London. Her interests are European and international politics and economy, the eurocrisis, banking, tax havens and corruption (often through the prism of the Icelandic financial collapse in 2008) - as well as arts, culture and food.
Emmanuel Macron France's President

Macron And The Power Of Ideas

Making democracy work certainly is no mean task but one way of understanding the victory of Emmanuel Macron in France is reason beating irrational fears. Or as Macron himself has said: you convince people “by speaking to their intelligence.”

Iceland's banks supervision

IMF (Still) Worried: Political Pressure On Bank Supervisors In Iceland

It beggars belief: over eight years from a calamitous financial crash in Iceland, much to do with failed financial supervision, there is still reason to worry about financial supervision in Iceland. Or rather, there is again reason to worry now that the sheltering capital controls are for all intents and purposes abolished Iceland. All of this, according to the latest IMF conclusion.

Nigel Farage

Ukip’s Sinister Double Bill And Failed Political Leadership

Until early this year it seemed unlikely that an extreme idea lingering for two decades on the political fringe could turn into a mainstream choice preferred by majority of British voters as happened on June 23. Ukip’s leader Nigel Farage declared victory: he has for decades championed leaving the European Union but that was only half of his political double bill.

offshore accounts

Offshore Onshore And Luxembourg, The Black Heart Of Europe

“Corruption and the role of tax havens” was the headline of the annual workshop of the Tax Justice Network – and the word Luxembourg was heard quite often there. Two things are still playing around in my head: an exchange on the offshore bubble inside, not outside, of our Western countries – and the destructive role of Luxembourg when it comes to both taxation and finance.

iceland corruption

Some Thoughts On Nepotism And Corruption In Iceland

Iceland is far from being corrupt in the sense that really corrupt countries are – judges and other public officials are not on the take, no such indication. But nepotism is a breeding ground for the kind of corruption that money bring.

pirate party 1

A Singular Fall From Power And The Rise Of The Pirate Party

Icelanders are catching their breath after an eventful week that it started with an infamous interview where the then PM Gunnlaugsson failed to tell the truth. The question is what more the Panama papers will expose of Iceland, the most offshorised country in the world. The political effects aren’t yet clear but the popularity of the Pirate party has grown.


Iceland: The Most Offshorised Country In The World?

What do Russia’s president Vladimir Putin and Iceland’s prime minister Sigmundur Davíð Gunnlaugsson have in common? Both have recently tried some pre-emptive damage-control measures before the material from a leak, administered by International Consortium of Investigative Journalists, ICIJ, is published.

central bank of iceland

Just an idea for Iceland banks: privatisation the Russian way

The Icelandic government needs to decide on if to privatise the banks again and then how it should be done. Bjarni Benediktsson leader of the Independence Party has aired his idea that five percent should be given to the nation. The most famous example of a privatisation based on giving away shares was the rather notorious privatisation in Russia in the 1990s.


What Iceland needs to consider…

Iceland, as any other country, needs investment, i.a. in infrastructure and that will partly have to be financed by foreign loans. So who is then left to finance it? The Chinese, as the British government is so enthusiastic about.