Risk in Icelandic Media Haven?

“Will Iceland get from bits what Switzerland gets from bank accounts?” the Economist’s Babbage blog asks as Iceland moves closer to being a digital media haven. Its parliament has voted to support the Icelandic Modern Media Initiative (IMMI), which combines many of the world’s most media-friendly press and whistle-blower protections. Babbage cautions the would-be hacks’ haven: “Switzerland has come under pressure from other countries to reform its tax and banking laws; it’s hard for any single democracy to stand too far outside of international norms. But…Iceland has a cultural tendency not to worry too much about pissing people off.”