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Geopolitics

Lessons For Europe: Why Iceland Bounced Back So Fast

The 2008 economic crisis struck particularly hard in Iceland, where banks went bust and the currency value evaporated. But a hard line both at home and abroad has helped turn things around. But can the model be copied?

Things are heating up again in Iceland (moohaha)
Things are heating up again in Iceland (moohaha)
Henryk M. Broder

REYKJAVIK - What kind of a crisis can you neither see nor smell, touch nor taste?

Here, in fact, the hotels are booked solid, cafes are full, the stores full of merchandise, although a visitor may be surprised that an Icelandic tomato costs twice as much as an imported Italian one. The new opera and concert venue called the Harpa in Reykjavik, which cost 170 million euros to build, is featuring Jethro Tull, with its iconic lead singer Ian Anderson performing "Thick As A Brick" in its entirety. The big 1,800-seat hall is completely sold out even with tickets costing between 50 and 60 euros each.

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Geopolitics

Has Lebanese Politics Finally Freed Itself Of Iran's Influence?

Lebanon's recent elections have shrunk the legislative block led by national power-brokers Hezbollah. But will a precarious new majority be able to rid the government of the long shadow of Tehran?

Supporters of pro-Iranian Hezbollah sit in a street decorated with picture of the party chief Hassan Nasrallah

Ahmad Ra'fat

-Analysis-

The results of parliamentary elections in Lebanon, have put an end to the majority block led by Hezbollah, the paramilitary group concocted by the Islamic Republic of Iran. Hezbollah and its Christian allies, the Free Patriotic Movement, led by President Michel Aoun, lost their 71 seats and will now have 62 (of a total 128 seats).

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