Posted by seumasach on November 10, 2008
The Spectre of times to be: the UK appears to be on the verge of something like this.
Sarah Lyall
8th November, 2008
REYKJAVIK, Iceland — The collapse came so fast it seemed unreal, impossible. One woman here compared it to being hit by a train. Another said she felt as if she were watching it through a window. Another said, “It feels like you’ve been put in a prison, and you don’t know what you did wrong.”
Posted in Financial crisis | Tagged: bankrupt iceland, Iceland is broke | Leave a Comment »
Posted by smeddum on October 27, 2008
Denmark, Iceland look again at euro as crisis takes its toll
27 October 2008, 23:50 CET EUbusiness.com
(STOCKHOLM) – Denmark and Iceland, two of the four Nordic countries still outside the eurozone, have begun seriously debating swapping their currencies for the euro as they take a beating in the global financial crisis.
“The issue of Europe and the euro is directly linked to the crisis,” the head of Iceland’s Institute of Economic Studies, Gunnar Haraldsson, told AFP.
Norway and Sweden have been less affected by the financial turmoil and debate there has been muted, while Finland is the only Nordic country to be a member of the eurozone. Read the rest of this entry »
Posted in Uncategorized | Tagged: bankrupt iceland, Denmark, European Union, Iceland, Iceland is broke | Leave a Comment »
Posted by smeddum on October 13, 2008
Iceland minister: Must look at all options, including EU
Mon Oct 13, 2008
REYKJAVIK (Reuters) – A key Icelandic minister long opposed to joining the European Union said on Monday that given the current financial turmoil, the country had to consider every option, including a shift in that stance. Read the rest of this entry »
Posted in Financial crisis | Tagged: bankrupt iceland, Iceland Bankrupt, Iceland is broke | 1 Comment »
Posted by smeddum on October 12, 2008
Stricken Nation Turns to Haggis
Icelanders Turn To Haggis
5:48am UK, Sunday October 12, 2008
Rachel Younger, Sky News reporter
Sales of haggis are not a commonly used indicator of economic health but in Iceland the spiralling demand for sheep intestines reflects how an entire country is tightening its belt. Read the rest of this entry »
Posted in Uncategorized | Tagged: bankrupt iceland, Iceland Bankrupt, Iceland is broke | 5 Comments »
Posted by smeddum on October 10, 2008
Iceland halts stock trading
From Chicago Tribune news services
October 10, 2008
Iceland suspended trading on its stock exchange for two days and took control of the country’s largest bank—the third to be placed under its protective umbrella—on Thursday as it grappled with a banking crisis that is threatening to engulf the country. Read the rest of this entry »
Posted in Uncategorized | Tagged: bankrupt iceland, Iceland, Iceland Bankrupt, Iceland is broke | Leave a Comment »
In These New Times 