In news just released today, the Icelandic government announced that the country had accepted terms to underwrite the entire debt burden it had suffered under the world banking crisis. The World Viking Organisation, previously a privately funded group, has in effect purchased the entire Icelandic banking industry with hard currency and commodities, including bullion and gemstones.
Details of the deal are yet to be fully revealed, but the government did announce that there would be wide ranging changes throughout Icelandic life as a result of this deal.
A later release stated that the Icelandic parliament had ratified the deal to restructure the finances of the country, and that the first clause of that deal, the details of which would remain secret in the interests of national security, was the unanimous election of First Daughter Rán Aagard as President of Iceland. The new President will immediately begin a national tour, where she will visit every township in the land and address local people at a series of open meetings, to put forward the vision of the new Viking Nation of Iceland.