Oliver Hartwich: David Seymour's regulation decimation could learn a thing or two from Iceland

In the rugged landscapes of Thingvellir National Park, just outside Iceland’s capital Reykjavik, lies a reminder of a simpler time in governance.

During a visit many years ago, I was struck not just by Thingvellir’s natural beauty but by its historical significance: Thingvellir was the site of Iceland’s parliament from the 10th to the 18th century.

It was a parliament unlike any we know today. Meetings were held outdoors, and the assembly convened only once a year.

Matt Ridley: Iceland's lesson for Europe

I spent part of last week in Iceland, the antithesis of Greece. It’s been a hard winter and a cold spring up there, but despite the stiff northerly breeze off the Arctic ocean, economically speaking Iceland is basking in real warmth, while Greece shivers in financial winter. 

Iceland teaches a very acute lesson for Greece, Britain, Europe and the world: independence works.