ICELAND: Who's Loony?

Prosperous Iceland is just about to celebrate the 1,000th anniversary of the founding of her Althing ("The Oldest Parliament in the World"). She has weathered a fiscal crisis which seemed to threaten her banking structure, emerged sound (TIME, Feb. 17). After painful conning and concentration, King Christian X of Denmark, who is also King of Iceland, has learned enough Icelandic to read his Millennial Day speech in that tongue. Everything seemed ready, last week, for a perfect celebration which thousands of U. S. tourists will attend. Suddenly a terrific squabble and...

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