How One of the World's Smallest Countries Became the Meltdown's Biggest Casualty
by
Asgeir Jonsson
Language: English
Release Date: July 13, 2009
As late as the mid 1980s, Iceland’s economy revolved around little else than a semi-robust cod-fishing industry. By the end of the century, however, it had transformed itself into a major player in world finance, building an international banking empire worth twelve times its GDP. The tiny island...