Posts Tagged ‘Iceland’

Iceland puts on trial those responsible for the crash. Why doesn’t Britain?

by Michael Meacher.

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 […]

Iceland recovers but offers little hope to Greece

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 […]

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