People versus politicians: the political aftermath of the financial crisis in Iceland

Abstract: Iceland was one of the first victims of the 2008 financial crisis. The crisis tested the country’s political system and changed power relations between elected representatives and the public. What stands out is that as trust in politicians and parliament plummeted, support for direct democracy grew. Also, in the name of direct democracy, the power of the presidency grew, creating a counterweight to the parliamentary majority Tags: Academic