Iceland in the Eurovision Song Contest 2014 compete with at the Eurovision Song Contest. "Lífið kviknar á ný" was performed in English as "Up and Away", while "Enga fordóma" was performed in a mix of Icelandic and English. Televoting solely selected "Enga fordóma" performed by Pollapönk as the winner in the second round. As winners of the competition, Pollapönk won a monetary prize of 1 million Icelandic króna and the right to represent Iceland in Copenhagen. During the semi-final allocation draw on 20 January 2014 at the Copenhagen City Hall, Iceland was drawn to compete in the first half of the first semi-final on 6 May 2014.
Economic history of Iceland the first year – 2009 – allowing fiscal multipliers to counteract the output contraction that was underway. Iceland also was not asked to downsize its Scandinavian-type welfare system." Iceland is the only country in the world to have a population under two million yet still have a floating exchange rate and an independent monetary policy. 2008 Financial Crisis and Recovery: Economic history of Iceland The economy history of Iceland covers the development of its economy from the Settlement of Iceland in the late 9th century until the present. According to a 2011 review study by economic historian Guðmundur Jónsson, "Economic