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Are you sure this applies to Iceland? My understanding is they've had their crash and are cleaning up from it.
by nknight 15y ago
Are you sure this applies to Iceland? My understanding is they've had their crash and are cleaning up from it.
- Loic 15y agoIceland crashed but they also declared default for all the foreign debt at the same time. As Iceland is very small, the effects were negligible for the foreigners. The effect was also a devaluation of the ISK because of the lost of trust in the country/currency: http://www.xe.com/currencycharts/?from=ISK&to=EUR&view=10Y http://www.xe.com/currencycharts/?from=ISK&to=EUR&vi...