Ólafur Ragnar Grímsson is the fifth President of Iceland. Grímsson was born in Ísafjörður, a small fishing town on Iceland’s northwestern peninsula. He graduated from the Reykjavík Lyceum in 1962 and then studied in England, where he received a B.A. and a Ph.D. in political science from the University of Manchester. Grímsson was elected President in 1996 for a four-year term and was reelected in 2000 and again in 2004.
Five years ago, Iceland was a failed financial state. Today it's Exhibit A for revitalization after a financial crisis. The reason why? The will of the people was prioritized over the perceived financial interests of the markets.
The president of Iceland explains the secret to the Nordic countries' recent economic and social success. Social welfare programs such as free access to education and healthcare have proved to be a boon to the free market economy.