Iceland and the International Monetary Fund was to stem capital outflows, to restore confidence in the Icelandic economy and to thus stabilize the Icelandic Krona (ISK) 2008–2011 Icelandic financial crisis. Measures adopted by Iceland included an emergency nationalization of the failing banks, a vote of the Icelandic parliament gave the FME (Icelandic Financial Supervisory Authority) broad authority over the insolvent banks. FME proceeded to audit these banks and to split their assets. Measures were also introduced to increase the minimum capital adequacy ratio of the banks to 10% as a part of the effort to re establish confidence in the economy. As a part of these
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