How Iceland collapsed
13-minute video from the Wall Street Journal. Related stories: Iceland warms to Europe Iceland to hand bank stakes to creditors Iceland’s rehabilitation
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Browsing Tag
Iceland
Violence erupts in Iceland
As this deepest of recessions takes hold, an increasing number of countries are seeing outbreaks of civil unrest. First it was Greece. Later, we saw unrest in the Baltics in Riga and Vilnius. Now, Iceland is experiencing the same. These…
Ireland nationalizes Anglo Irish bank
The Irish government scrapped a planned recapitalization of Anglo Irish Bank and moved straight to full nationalization. While some may view this as a necessary move to shore up a troubled institution, I see this as ominous news because…
Who is the next Iceland?
The question on everyone's mind in the emerging markets is who will blow up next. Arnab Das of Dresdner Kleinwort Benson takes a stab at answering that question. He targets the Baltics as the problem children and sees current account…
An Icelandic post-mortem
The Economist does a very good post-mortem on Iceland and its spectacular collapse with a number of lessons for other countries, especially those with oversized financial sectors like Ireland, Switzerland and the U.K. Below is a snippet…
Is Ireland the next Iceland?
Just a few moments ago I caught a very interesting post on Alice Cook's site UK Bubble. The gist of the post was that things are falling apart in Ireland very quickly. Given what we saw with Iceland, I have to ask: is Ireland next?
I…
Iceland: a cautionary tale for small nations
Jon Danielsson has a very thorough piece up on the VoxEU site which details the catastrophic collapse of Iceland and its banking system. This is a cautionary tale on two fronts.
First, Iceland was a small country with a very large…