Iceland financial crisis

Dubai is not the new us. We’re the new Dubai
“I wonder if people outside of Iceland realize what a huge and serious thing this whole Icesave matter is for our nation. I wrote earlier that the country was practically non-functional for at least an hour after the president’s veto, and that is true – I can’t imagine that there was a single workplace in this country where work did not just STOP while people absorbed the ramifications of what had happened. It was like a bomb had gone off and we were – and are still – dealing with the fallout.”

The UK’s handling of this debt issue has been inexcusable.

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