When ICELAND was on the verge of GOING BUST - VisualPolitik EN
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What exactly happened in Iceland that was, at the end of 2008, the third richest country in the world to cause it to be facing the total collapse of its financial system? What caused its banks to fail almost overnight? What happened so that in October 2008 Iceland became the first developed economy to ask for help from the International Monetary Fund in more than 30 years?
Usually when we think of the Great Recession of 2008, images of Wall Street and the real estate bubble come to mind…
The skinny
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