Iceland could have used the services of  more incisive investigative journalists over the last few years. Very few reporters foresaw the breadth or severity of that country’s financial collapse, which has witnessed the failure of major banks and devaluation of the currency. 

Now comes word that a proposal to be filed with Iceland’s parliament could make the country a haven for investigative journalism.

The idea, backed by some journalists and parliamentarians, would reform Iceland’s media laws to make the country an attractive place for investigative journalists.