February 2009
1 post
2 tags
Icelandic economy grinds to a halt
The people of Iceland are the latest victims of the global downturn as the economy in Iceland has suffered a collapse. A number of factors including a failure of monetary policy following a banking collapse has led to a soaring 30% inflation, the resignation of Prime Minister Haarde and the government, and the inability to transfer money abroad (and thus the inability for Iceland to import and...
