Ólafur Ragnar Grímsson
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Ólafur Ragnar Grímsson (; born 14 May 1943) is an Icelandic politician who was the fifth
president of Iceland The president of Iceland () is the head of state of Iceland. The incumbent is Halla Tómasdóttir, who won the 2024 Icelandic presidential election, 2024 presidential election. The president is not involved in the running of the country, bu ...
, serving from 1996 to 2016.Official CV
.
He was previously a member of the Icelandic Parliament for the
People's Alliance People's Alliance may refer to: * People's Alliance ( ''Volksunie''), Belgian political party which split in 2001 into the Nieuw-Vlaamse Alliantie and Spirit * People's Alliance (Bulgaria), a Bulgarian party from 1921 to 1923 * People's Alliance ( ...
and served as
Minister of Finance A ministry of finance is a ministry or other government agency in charge of government finance, fiscal policy, and financial regulation. It is headed by a finance minister, an executive or cabinet position . A ministry of finance's portfolio ...
from 1988 to 1991. Since the end of his presidency, Ólafur has been serving as Chairman of the
Arctic Circle The Arctic Circle is one of the two polar circles, and the northernmost of the five major circle of latitude, circles of latitude as shown on maps of Earth at about 66° 34' N. Its southern counterpart is the Antarctic Circle. The Arctic Circl ...
, a non-profit organization, and as Chairman of the
International Renewable Energy Agency The International Renewable Energy Agency (IRENA) is an intergovernmental organization mandated to facilitate cooperation, advance knowledge, and promote the adoption and sustainable use of renewable energy. It is the first international organis ...
's Global Commission on the Geopolitics of Energy Transformation.


Early life

Ólafur was born in
Ísafjörður Ísafjörður (pronounced , meaning ''ice fjord'', literally ''fjord of ices'') is a town in the northwest of Iceland. The oldest part of Ísafjörður with the town centre is located on a spit of sand, or ''eyri'', in Skutulsfjörður, a fjord ...
, the son of
barber A barber is a person whose occupation is mainly to cut, dress, groom, style and shave hair or beards. A barber's place of work is known as a barbershop or the barber's. Barbershops have been noted places of social interaction and public discourse ...
Grímur Kristgeirsson and housewife Svanhildur Ólafsdóttir Hjartar. He matriculated from
Menntaskólinn í Reykjavík Menntaskólinn í Reykjavík (MR; official name in English: Reykjavik College) is collegein Iceland. It is located in Reykjavík. The school traces its origin to 1056, when a school was established in Skálholt, and it remains one of the oldest ...
in 1962. From 1962 to 1970 he studied at the
University of Manchester The University of Manchester is a public university, public research university in Manchester, England. The main campus is south of Manchester city centre, Manchester City Centre on Wilmslow Road, Oxford Road. The University of Manchester is c ...
, obtaining a
Bachelor of Arts A Bachelor of Arts (abbreviated B.A., BA, A.B. or AB; from the Latin ', ', or ') is the holder of a bachelor's degree awarded for an undergraduate program in the liberal arts, or, in some cases, other disciplines. A Bachelor of Arts deg ...
degree in
economics Economics () is a behavioral science that studies the Production (economics), production, distribution (economics), distribution, and Consumption (economics), consumption of goods and services. Economics focuses on the behaviour and interac ...
and
political science Political science is the scientific study of politics. It is a social science dealing with systems of governance and Power (social and political), power, and the analysis of political activities, political philosophy, political thought, polit ...
in 1965 and a
Doctor of Philosophy A Doctor of Philosophy (PhD, DPhil; or ) is a terminal degree that usually denotes the highest level of academic achievement in a given discipline and is awarded following a course of Postgraduate education, graduate study and original resear ...
(PhD) degree in political science in 1970, thus becoming the first Icelander to earn a PhD in this field. He became a
lecturer Lecturer is an academic rank within many universities, though the meaning of the term varies somewhat from country to country. It generally denotes an academic expert who is hired to teach on a full- or part-time basis. They may also conduct re ...
in political science at the
University of Iceland The University of Iceland ( ) is a public research university in Reykjavík, Iceland, and the country's oldest and largest institution of higher education. Founded in 1911, it has grown steadily from a small civil servants' school to a modern co ...
in 1970, then a Professor of Political Science at the same university in 1973. He was the university's first Professor of Political Science.


Political career

As part of the
left-wing Left-wing politics describes the range of Ideology#Political ideologies, political ideologies that support and seek to achieve social equality and egalitarianism, often in opposition to social hierarchy either as a whole or of certain social ...
People's Alliance People's Alliance may refer to: * People's Alliance ( ''Volksunie''), Belgian political party which split in 2001 into the Nieuw-Vlaamse Alliantie and Spirit * People's Alliance (Bulgaria), a Bulgarian party from 1921 to 1923 * People's Alliance ( ...
, Ólafur was a Member of
Althing The (; ), anglicised as Althingi or Althing, is the Parliamentary sovereignty, supreme Parliament, national parliament of Iceland. It is the oldest surviving parliament in the world. The Althing was founded in 930 at ('Thing (assembly), thing ...
for
Reykjavík Reykjavík is the Capital city, capital and largest city in Iceland. It is located in southwestern Iceland on the southern shore of Faxaflói, the Faxaflói Bay. With a latitude of 64°08′ N, the city is List of northernmost items, the worl ...
from 1978 to 1983. During this time, from 1980 to 1983, he was Chairman of the
People's Alliance People's Alliance may refer to: * People's Alliance ( ''Volksunie''), Belgian political party which split in 2001 into the Nieuw-Vlaamse Alliantie and Spirit * People's Alliance (Bulgaria), a Bulgarian party from 1921 to 1923 * People's Alliance ( ...
parliamentary group. Subsequently, he was Chairman of the People's Alliance executive committee from 1983 to 1987; additionally, from 1983 to 1985 he was editor of a newspaper, ''Þjóðviljinn''. From 1981 to 1984, he was also a member of the
Parliamentary Assembly of the Council of Europe The Parliamentary Assembly of the Council of Europe (PACE) is the parliamentary arm of the Council of Europe, a 46-nation international organisation dedicated to upholding human rights, democracy and the rule of law. The Assembly is made up of ...
, serving again briefly from 1995 to 1996. In 1984, with three other left-wing intellectuals, he took part in
debate
with economist
Milton Friedman Milton Friedman (; July 31, 1912 – November 16, 2006) was an American economist and statistician who received the 1976 Nobel Memorial Prize in Economic Sciences for his research on consumption analysis, monetary history and theory and ...
, who was in Iceland to give a lecture on the "tyranny of the status quo" at the
University of Iceland The University of Iceland ( ) is a public research university in Reykjavík, Iceland, and the country's oldest and largest institution of higher education. Founded in 1911, it has grown steadily from a small civil servants' school to a modern co ...
. Ólafur was chairman and later President of
Parliamentarians for Global Action Parliamentarians for Global Action (PGA) is a non-profit, non-partisan international network of committed legislators, that informs and mobilizes parliamentarians in all regions of the world to advocate for human rights and the rule of law, de ...
(PGA) from 1984 to 1990, serving on their council until 1996. In 1986, he received the
Indira Gandhi Prize The Indira Gandhi Prize, or the Indira Gandhi Peace Prize, also known as Indira Gandhi Prize for Peace, Disarmament and Development, is the prestigious award accorded annually by Indira Gandhi Memorial TrustMinister of Finance A ministry of finance is a ministry or other government agency in charge of government finance, fiscal policy, and financial regulation. It is headed by a finance minister, an executive or cabinet position . A ministry of finance's portfolio ...
from 1988 to 1991. As Minister of Finance, he "was subjected to the idea that the rating agencies were the golden judges of financial health." He was re-elected as a Member of Althing for Reykjanes from 1991 to 1996.


Presidency (1996–2016)


1996 election

In the 1996 presidential election, he was elected with 41.4% of the votes cast.


Re-election 2004

In the 2004 presidential election, Ólafur was re-elected with 85.6% of the valid votes cast, but that election also saw a record number of empty/invalid ballots (21.2%) and an exceptionally low turnout of 62.9% (usually 80–90%), both of which have been interpreted as dissent with the president's decision not to sign a controversial media law. Since then, the issue of a constitutional amendment to revoke the veto power of the president has been raised by the Independence Party. Some have also wanted to rest that power with the people themselves, who could then force referendums to be held on laws by – for instance – collecting a certain number of signatures.


Re-election 2008

On 1 January 2008, in his new year's address, Ólafur announced his intention to seek a fourth term in office later in 2008. Because there was no challenger, he was automatically re-elected and sworn in for another term on 1 August 2008.


Crisis of 2008 statements

In the aftermath of the
2008–2011 Icelandic financial crisis The Icelandic financial crisis was a major financial crisis, economic and political event in Iceland between 2008 and 2010. It involved the default (finance), default of all three of the country's major privately owned commercial banks in late 2 ...
, Ólafur criticized other countries for lack of help to Iceland. In early November, the President attended a traditional informal lunch with all ambassadors to Iceland, held by the senior Danish ambassador. According to a confidential memo from the Norwegian embassy, quoted in the Norwegian newspaper
Klassekampen (Lit. translation: ''"The Class Struggle"'') is a Norwegian daily newspaper in print and online. Its tagline is "The daily newspaper of the Left". The paper's net circulation was 33,265 in 2022, and it has around 111,000 daily readers on paper ...
, the President said: "The North Atlantic is important to Scandinavia, the US and Britain. This is a fact these countries now seem to ignore. Then, Iceland should rather get some new friends". He praised Norway and the Faroe Islands for their swift decision to grant major loans to Iceland. He also said Iceland should rather invite Russia to use the Keflavík Air Base. According to the memo, an "amazed and smiling" Russian ambassador said Russia did not have any need for this. Ólafur also criticised the
International Monetary Fund The International Monetary Fund (IMF) is a major financial agency of the United Nations, and an international financial institution funded by 191 member countries, with headquarters in Washington, D.C. It is regarded as the global lender of las ...
for the system's flaws and for its mistreatment of Iceland. He said it was part of Icelandic political mentality to "fight alone" rather than being threatened into submission, and that he expected Iceland to overcome the crisis sooner than the US and Britain by showing initiative and international activity in new fields. The memo underlined that the President of Iceland has no political power and that no other government official had presented similar points of view "to the same degree". The Danish ambassador to Iceland, Lasse Reimann, confirmed to the daily ''
Politiken ''Politiken'' is a leading Danish daily broadsheet newspaper, published by JP/Politikens Hus in Copenhagen, Denmark. It was founded in 1884 and played a role in the formation of the Danish Social Liberal Party. Since 1970 it has been indepe ...
'' that the lunch had taken place, but declined to discuss on the President's comments. On 5 January 2010, the President of Iceland vetoed a measure of the Icelandic government to repay the governments of Britain and the Netherlands for their bailouts of customers of private Icelandic banks (no such bailout was required under Icelandic law, though on 26 May 2010 the
EFTA The European Free Trade Association (EFTA) is a regional trade organization and free trade area consisting of four European states: Iceland, Liechtenstein, Norway and Switzerland. The organization operates in parallel with the European Union ...
found it was required by the terms of Iceland's membership of the EEA). The President's veto was upheld by the people of Iceland when they voted upon the measure in March 2010. This dispute is known as Icesave dispute. On 20 February 2011, the President of Iceland again vetoed an effort by the Icelandic government to repay (in installments over a period of years) the governments of Britain and the Netherlands. In a referendum held on 9 April 2011, Icelanders rejected for a second time a proposal to pay $5 billion to Britain and the Netherlands. Nearly 60% of Icelanders rejected the proposal put forward by the government. The President's veto was thus upheld by the people.


2012 election

Ólafur Ragnar announced on 4 March 2012, that he would be seeking a fifth term as the President of Iceland in the 2012 presidential election. He received 52.78% of votes cast in the election, which took place on 30 June.


2016 election and Panama Papers controversy

In a statement to the country on 1 January 2016, Ólafur Ragnar announced that he would not run in the 2016 presidential election, wanting "to transfer the responsibilities of the president onto other shoulders". He later withdrew the statement and decided in April to run again, citing political unrest after the fallout of the
Panama Papers The Panama Papers () are 11.5 million leaked documents (or 2.6 terabytes of data) published beginning April 3, 2016. The papers detail financial and attorney–client information for more than 214,488 offshore entities. These document ...
leak, which implicated
Prime Minister A prime minister or chief of cabinet is the head of the cabinet and the leader of the ministers in the executive branch of government, often in a parliamentary or semi-presidential system. A prime minister is not the head of state, but r ...
Sigmundur Davíð Gunnlaugsson and led to his resignation after large anti-government protests. After Guðni Th. Jóhannesson and
Davíð Oddsson Davíð Oddsson (pronounced ; born 17 January 1948) is an Icelandic politician, and the longest-serving prime minister of Iceland, in office from 1991 to 2004. From 2004 to 2005 he served as Ministry for Foreign Affairs (Iceland), foreign minis ...
announced their candidacies, he again changed his mind and on 9 May declared he would not run. Reykjavik Grapevine and the news site Kjarninn revealed that Ólafur Ragnar's wife, Dorrit Moussaieff, had connections to an
offshore company The term "offshore company" or "offshore corporation" is used in at least two distinct and different ways. An offshore company may be a reference to: * a company, group or sometimes a division thereof, which engages in offshoring business proce ...
in the
British Virgin Islands The British Virgin Islands (BVI), officially the Virgin Islands, are a British Overseas Territories, British Overseas Territory in the Caribbean, to the east of Puerto Rico and the United States Virgin Islands, US Virgin Islands and north-west ...
. Ólafur Ragnar had denied any personal or family ties to companies in
tax haven A tax haven is a term, often used pejoratively, to describe a place with very low tax rates for Domicile (law), non-domiciled investors, even if the official rates may be higher. In some older definitions, a tax haven also offers Bank secrecy, ...
s. The company was owned by the parents of Dorrit. According to Kjarninn, the company, Lasca Finance, was in operation from 1999 to 2005. The financial statements of Moussaieff Jewelers Limited show it received almost £7 million (10.2 million or €9.1 million) in interest payments from Lasca in 2000–2005.


Views on current global issues

Ólafur has identified the 2009 financial crisis, the need for a green energy revolution, and climate change as the three most pressing issues in today's world. Declaring these three problems to be interconnected, he has said, "None of these three crises can be solved without solving the other." Ólafur has expressed concern that Saudi Arabian financing of a
Reykjavík Reykjavík is the Capital city, capital and largest city in Iceland. It is located in southwestern Iceland on the southern shore of Faxaflói, the Faxaflói Bay. With a latitude of 64°08′ N, the city is List of northernmost items, the worl ...
mosque will fuel radical Islam in Iceland, and said that he was, "shocked to the point of paralysis" when he learned the government of Saudi Arabia had decided to interfere in Icelandic religious life by donating one million US dollars for the mosque.


Awards and decorations


National honours

*: ** Collar with Grand Cross Breast Star of the
Order of the Falcon The Order of the Falcon () is the only order of chivalry in Iceland, founded by Christian X of Denmark, King Christian X of Denmark and Iceland on 3 July 1921. The award is awarded for merit for Iceland and humanity and has five degrees. Nowaday ...


Foreign honours

*: ** Knight of the
Order of the Elephant The Order of the Elephant () is a Denmark, Danish order of chivalry and is Denmark's highest-ranked honour. It has origins in the 15th century, but has officially existed since 1693, and since the establishment of constitutional monarchy in ...
*: ** Grand Cross Special Class of the
Order of Merit of the Federal Republic of Germany The Order of Merit of the Federal Republic of Germany (, or , BVO) is the highest state decoration, federal decoration of the Federal Republic of Germany. It may be awarded for any field of endeavor. It was created by the first List of president ...
*: ** Grand Cross of the
Order of Vytautas the Great The Order of Vytautas the Great () is the Lithuanian Presidential Award.''Lietuvos Respublikos Konstitucija. 84 straipsnis''. Priimta 1992 It may be conferred on the heads of Lithuania and foreign states, as well as their citizens, for distinguish ...
*: ** Grand Cross of the
Order of St. Olav The Royal Norwegian Order of Saint Olav (; or ''Sanct Olafs Orden'', the old Norwegian name) is a Norwegian order of chivalry instituted by King Oscar I on 21 August 1847. It is named after King Olav II, known to posterity as St. Olav. Just be ...
*: ** Recipient of the Order for Exceptional Merits *: ** Knight of the
Royal Order of the Seraphim The Royal Order of the Seraphim (; '' Seraphim'' being a category of angels) is the highest order of chivalry of the Kingdom of Sweden. It was created by King Frederick I on 23 February 1748, together with the Order of the Sword and the Ord ...
** Recipient of the Ruby Jubilee Commemorative Medal of King Carl XVI Gustaf


Other achievements

In recent years the President has been outspoken on the issues of renewable energy and global climate change. He initiated a Global Roundtable on Climate Change with the participation of a large group of companies and individual opinion leaders. Ólafur strongly advocates the use of geothermal energy, which is renewable, economically viable and reliable resource, as proven convincingly by the case of Iceland. In relation to his efforts on these issues, Ólafur has participated in the Global Creative Leadership Summit, organized by the Louise Blouin Foundation, in 2007 and 2008. He was also awarded the Louise T Blouin Award for Creative and Cultural Achievement. In 2008, as a delegate at the Summit he delivered the Keynote Speech on Climate Change versus Globalization. On 15 April 2013, at the National Press Club in Washington, he announced the formation of the
Arctic Circle The Arctic Circle is one of the two polar circles, and the northernmost of the five major circle of latitude, circles of latitude as shown on maps of Earth at about 66° 34' N. Its southern counterpart is the Antarctic Circle. The Arctic Circl ...
, an organization to facilitate dialogue among political and business leaders, environmental experts, scientists, indigenous representatives, and other international stakeholders to address issues facing the Arctic as a result of climate change and melting sea ice.


Family

He married Guðrún Katrín Þorbergsdóttir in 1974, who gave birth to twin daughters the following year, Guðrún Tinna, a graduate in business studies, and Svanhildur Dalla, a graduate both in political science and law. Guðrún Katrín was a popular figure in Iceland, and was mourned nationwide when she died of
leukaemia Leukemia ( also spelled leukaemia; pronounced ) is a group of blood cancers that usually begin in the bone marrow and produce high numbers of abnormal blood cells. These blood cells are not fully developed and are called ''blasts'' or '' ...
in 1998. Ólafur's second marriage was to
Israel Israel, officially the State of Israel, is a country in West Asia. It Borders of Israel, shares borders with Lebanon to the north, Syria to the north-east, Jordan to the east, Egypt to the south-west, and the Mediterranean Sea to the west. Isr ...
i-born Dorrit Moussaieff, to whom he became engaged in May 2000. The wedding took place on his 60th birthday, 14 May 2003, in a private ceremony held at the presidential residence.


Health

Ólafur was hospitalized in Reykjavík on 6 October 2008, for an
angioplasty Angioplasty, also known as balloon angioplasty and percutaneous transluminal angioplasty, is a minimally invasive procedure, minimally invasive endovascular surgery, endovascular Medical procedure, procedure used to widen narrowed or obstructe ...
procedure. This was announced on 9 October, with his saying that he was "recovering and has resumed most activities"."Iceland president briefly hospitalised for heart problem: office"
, AFP, 9 October 2008.


Ancestry


References

{{DEFAULTSORT:Grimsson, Olafur Ragnar 1943 births
Ólafur Ragnar Grímsson Ólafur Ragnar Grímsson (; born 14 May 1943) is an Icelandic politician who was the fifth president of Iceland, serving from 1996 to 2016.
Ólafur Ragnar Grimsson Alumni of the University of Manchester Ólafur Ragnar Grimsson Ólafur Ragnar Grimsson Living people Ólafur Ragnar Grimsson Ólafur Ragnar Grimsson Ólafur Ragnar Grimsson Ólafur Ragnar Grimsson Olafur Ragnar Grimsson Olafur Ragnar Grimsson Olafur Ragnar Grimsson
Ólafur Ragnar Grímsson Ólafur Ragnar Grímsson (; born 14 May 1943) is an Icelandic politician who was the fifth president of Iceland, serving from 1996 to 2016.