The Crisis In Greece Seen Through Icelandic Eyes

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In October 2008, Iceland was hit by a ton of bricks in the form of three collapsing banks. The International…

The ABCs Of The Capital Controls: What’s The Plan?

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In November 2008, the government instated capital controls to prevent the country’s currency from tanking after the banking collapse. Seven…

The Collapse And Beyond

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Five years after the collapse, economists all over the world carefully study Iceland’s recovery—some even call it a “miracle.” Icelanders…

Iceland: From A “Kreppa” Basket Case To A Miracle Example

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In the autumn of 2008, international media and famous economists descended on Iceland to watch the first European country plunge…