Iceland’s earthquakes are a consequence of being both a new land (18 million years old) and being situated on the North American/ Euro-Aisian continental plate divide. This is a land where brand new planet earth is being generated on a regular basis. The continental plates are drifting apart to accommodate new crust material.
This short video shows Iceland’s earthquakes and volcanoes over the last 15 years. Created by Datamarket.
Although this video misses the Grimsvotn volcanic eruption of 2011, it does capture the beautifullyt the series of earthquakes leading up to the eruptions under Fimmvörðuhals and Eyjafjallajökull.
The frames of the animation were taken from 1996. After watching it it is interesting to check the Icelandic Met website for daily earthquakes.