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 around the world citizen an unconditional basic income. Although the next parliamentary election in Iceland will not be held before April 2017, as of March 2016 the Icelandic Pirate Party has held an overall lead in opinion polls since April 2015. Currently the chief advocacy group is Basic Income Ireland, a member of BIEN. Social Justice Ireland has produced a fully costed proposal for 2012. Before that, the main advocate was CORI (Conference of Religious of Ireland), one of the social partners. Politically, the Green Party and Fianna Fail (the latter as of July 2015) favour a Basic Income. As part of the