Skip to main content

I Land, You Land, We All Land For Iceland!

  • Author:
  • Updated:

It really doesn't get any more frustrating than losing your turn for the Security Council seat because your currency has been thrashed by unwind of the international carry trade and you are at your wits end with the markets. Worse, however, is to lose to Austria and Turkey, for crying out loud. There is humiliation, and there is humiliation.
We are rooting for the underdog, so I'm going to stop short of saying something smarmy like "What the hell is Iceland doing in the rotation in the first place? I mean, it should be like D.C. It needs the appearance of involvement to keep it quiet but you sure don't let it sit in on the big meetings or give it a vote or anything." because that'd just be nasty.
Iceland Loses Bid for UN Council Seat Amid Crisis [Bloomberg]