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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.
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.
Icesave logo. The Icesave dispute was a diplomatic dispute among Iceland, the Netherlands and the United Kingdom.It began after the privately owned Icelandic bank Landsbanki was placed in receivership on 7 October 2008.
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.
Spines of the report. Antecedents and Causes of the Collapse of the Icelandic Banks in 2008 and Related Events (Icelandic: Aðdragandi og orsakir falls íslensku bankanna 2008 og tengdir atburðir), better known as The Report of the Investigation Commission of Althing (Icelandic: Skýrsla rannsóknarnefndar Alþingis, or just Rannsóknarskýrsla Alþingis), and earlier referred to as a 'White ...
Icelandic police on Monday called off the search for anyone trapped in the previous day's collapse of an ice cave that killed one person and injured another, saying that all members of the tourist ...
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 ...
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.