The crisis involved the collapse of Iceland’s banks and currency. The banks are slowly being rebuilt, but the crown has effectively ceased trading, creating headaches for importers.
…
Whether the currency is stabilised quickly or not, a bleak winter looms. Annual consumer price inflation exceeds 17 percent and is at its highest since 1990. Unemployment is set [...]
1913 Intel
International Conflict, Western World Threats and Geopolitical Intelligence
Iceland faces tough times in wake of crisis
Posted by Matt in November 26th, 2008 | no comment
Published in Economy, Financial, Banking, Banks, Bleak Winter, Collapse, Consumer Price Inflation, Currency, Economic Contraction, Faces, Financial Crisis, Headaches, Iceland, Importers, Island Iceland, Tough Times, Unemployment
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