Meltdown Iceland how the global financial crisis bankrupted an entire country
Material type:
TextPublication details: London Bloomsbury 2009Description: 244pISBN: - 9781408803080
| Item type | Current library | Status | Barcode | |
|---|---|---|---|---|
Book
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UONGOZI Institute Resources Centre - Dar es Salaam | Available | 006170 |
Includes index
It is a truism that when America sneezes, Europe catches a cold. The subprime mortgage crisis, which began in America in 2007, unleashed a veritable epidemic of financial ill health all over the world. All European countries were affected, and the developing world also felt a chill. However it was Iceland, a tiny volcanic outcrop in the North Atlantic whose population of 300,000 had the highest GDP and counted itself the happiest in the world, which caught the worst cold. It has nearly killed them.
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