Iceland had a spectacular economic collapse in October 2008 which bankrupted the country. This followed two decades in which right-wing governments engaged in an orgy of financial deregulation, launching a bonanza for its bankers with plentiful credit for its citizens, weak financial oversight and an unspoken rule not to ask too many questions but keep […]
Posts Tagged ‘Iceland’
Iceland puts on trial those responsible for the crash. Why doesn’t Britain?
Mar 12th, 2012 by Michael Meacher.
Iceland recovers but offers little hope to Greece
Feb 27th, 2012 by Mark Seddon.Iceland, a small, rocky outpost in the North Atlantic and home to just over 318,000 people is not a country that easily makes international headlines. But back in the 1970s, Iceland was a staple feature of the nightly news in the UK at least, as that country’s small navy did its best to repulse British […]
