" Gleðibankinn " ( English translation : " The Bank of Joy " ) was the Icelandic entry in the Eurovision Song Contest 1986 , performed in Icelandic by ICY , where singers Eiríkur Hauksson , Helga Möller and Pálmi Gunnarsson joined their efforts . This was Iceland 's debut entry in the Eurovision Song Contest and consequently the first time that Icelandic had been heard
Eurovision Song Contest 1986
Eurovision Song Contest 1986
Gleðibankinn