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The following is a timeline of the Icelandic financial crisis which began in earnest in mid September 2008. The combined assets of the three largest Icelandic banks amounted to ten times the country's total gross domestic product (GDP) at the time of their collapse. Two-thirds of the banks liabilities were denominated in a foreign currency.
The Icelandic financial crisis was a major economic and political event in Iceland between 2008 and 2010. It involved the default of all three of the country's major privately owned commercial banks in late 2008, following problems in refinancing their short-term debt and a run on deposits in the Netherlands and the United Kingdom.
Maybe I Should Have: Frásögn af efnahagsundrinu Íslandi ('The Story of the Economic Wonder, Iceland') is an Icelandic documentary film directed by Gunnar Sigurðsson about the causes and effects of the 2008–2012 Icelandic financial crisis.
Some of the 6000 protesters in front of the Alþingishús, seat of the Icelandic parliament, on 15 November 2008. The 2009–2011 Icelandic financial crisis protests, also referred to as the Kitchenware, Kitchen Implement or Pots and Pans Revolution [1] [2] (Icelandic: Búsáhaldabyltingin), occurred in the wake of the Icelandic financial crisis.
Iceland's catastrophic financial crisis got lost in the shuffle of the global 2008 collapse. A new book reveals that it may have been the most brazen scam of all. What Iceland’s Spectacular ...
Banking in Iceland faced a crisis in 2008, which resulted in the government taking over three of its largest commercial banks. The short-term liabilities of Icelandic banks in proportion to Iceland's GDP are 211%, as of 11 October 2008, or 480% of the country's national debt, and the average leverage ratio (assets/net worth) is 1 to 14.
What happened in Iceland isn't pretty. A month ago, it was one of Europe's richest countries: clean, efficient, thoroughly civilized, and living well. Then, suddenly, as international markets ...
Guð blessi Ísland ('God bless Iceland') is the sentence with which the Icelandic Prime Minister Geir Haarde ended his television broadcast to the Icelandic nation on 6 October 2008, shortly after the beginning of the 2008–11 Icelandic financial crisis. The speech described the perilous state of the Icelandic banking sector and some of the ...