Iceland’s economic crisis grows..

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It’s officially Iceland Day on my blog. And it was all by coincidence, however I will continue to look for Icelandic topics to continue the theme. 

I was amazed to find out that the first country to fall pray to this global economic crisis is Iceland. I feel like the poverty escalation in Africa is at least partially due to the credit crisis, but then again, the media rarely focuses on African matters. But, Iceland? 

Not only does it have the best standards of living, is one of the least corrupt countries in the world and has exemplary freedoms of speech and action. But it is also the home to some of the best music of the past decade – all in a population that is around a fifth of a million. 

I’ve been hearing about the Krona dying down for a year now and the Icelandic people have opted to join the Euro even when Iceland is not part of he European Union to avoid sharing the seas. Now the Icelandic front accuses Britain of helping the current status.  I just hope thats a slight dip and Iceland can get back on its feet. 

 

One comment on “Iceland’s economic crisis grows..

  1. icelandcrisis says:

    Iceland will get back on its feet’s. Unlike many nations that are facing problems, Iceland has one of the most natural resources per cap of any nation. It has very high level of education. The treasury is had almost no depts before the crisis.

    Iceland is a responsible partner. It has never defaulted on its loans and will honor its legal commitments. Iceland is a modern European economy with strong foundations that will allow it to overcome these economic difficulties.

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