Iceland and the International Monetary Fund Intent. The conditionalities include details of Banking Sector restructuring, changes to Fiscal Policy including government austerity and changes to exchange rate policies. Following the global financial crisis in 2007-2008 Iceland's banking sector collapsed leading to wide ranging unemployment and a lessening of support for the Icelandic currency - the Icelandic Krona ISK. This was triggered by an insolvency of the private banking sector. The largest Icelandic banks had liabilities in excess of 80 percent of GDP . Iceland requested assistance from the IMF and from its Nordic partners in the Nordic Council. The goal of Iceland in this market intervention
Basic income in the Nordic countries (Left Party). The basic income-concept became known in Denmark in the late 1970s with the book "Oprør fra midten". The following decades the debate continued, with some small victories for the movement, but nothing like a big break through. In the national election 2015 a new party was elected into parliament, Alternativet, which is amenable to some kind of basic income. The basic income debate in Iceland in recent years is strongly linked to the recent rise of their Pirate Party, with Birgitta Jonsdottir as one of the front figures. Basic income in the Nordic countries Basic income ("Swedish: basinkomst