κορυφαία η στιγμή σου αυτή σάβρα.
η Ισλανδία ΔΕΝ ΧΡΕΟΚΟΠΗΣΕ.
όχι ρε.
ψέμμα ήταν για να βγάλουν οι κακοί ισλανδοί κακό το καλό ΔΝΤ
πόσες ανακρίβειες μαζί σάβρα;
πόσα ψέμματα;
Iceland Financial Crisis Causes Government to Collapse:
[size=18pt]Iceland's nearly bankrupt economy caused the government to collapse in January 2009.[/size] The collapse occurred because Prime Minister Geir HaardeHaarde resigned due to cancer, and the minority party insisted that one of its members fill the position. Haarde insisted that his party's member, Foreign Minister Ingibjorg Gialadottir, take the post. Commerce Secretary Bjorgvin Sigurdsson resigned due to bankruptcy-related stress.
Protesters took to the streets in response to soaring unemployment and rising prices caused by the bankruptcy. (Source: AP, Iceland's government topples amid financial mess, January 26, 2009)
What Caused Iceland's Bankruptcy?:
In early October, Iceland nationalized its three largest banks - Kaupthing Bank, Landsbanki and Glitner Bank - [size=18pt]which were defaulting on $62 billion of foreign debt. As a result of the banks' collapse, foreign investors fled Iceland, prompting the value of its currency, the krona, to drop 50% in one week.[/size]
Iceland's banks used $100 billion in debt to finance foreign acquisitions, dwarfing Iceland's GDP of $14 billion. When the 2008 global financial crisis shut down lending, these banks' financial collapse brought down the country's economy. (Source: AP, Iceland teeters on the brink of bankruptcy, October 7, 2008)
Haarde and Gialadottir negotiated a $10 billion bailout from the IMF to insure Iceland's bank deposits. Iceland asked its neighbors Luxembourg, Belgium, and the UK to insure bank deposits of the branches in their countries. (Source: Guardian, Iceland sees IMF decision with a week, October 16, 2008)
Iceland's Bankruptcy Aggravated the Global Financial Crisis:
Iceland's economic collapse affected the rest of Europe, since Iceland's banks both expanded their retail services in Europe and heavily invested in foreign companies. Iceland's Baugur is the largest private company in Great Britain. Icesave, the online arm of Landsbanki, froze withdrawals during the crisis, affecting depositors throughout Europe.
Since the government has been unable to maintain the value of the krona, many have suggested Iceland join the EU and adopt the euro as its currency. [size=18pt]Iceland is already a member of the European Economic Area, a trade association that follows many EU rules.[/size] However, Iceland's fishing industry is opposed, since it has clashed with European countries over fishing rights.