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Travelblogs.comTerror as Iceland faces economic collapse - Times Online
Rated • 2 reviews • business, economics, iceland • timesonline.co.uk
Crazy times in Iceland.
From the page: "The Icelandic Government seized control of the country's biggest banks last night in an attempt to fend off wholesale economic collapse.
Turmoil at the banks, whose shares were suspended by the Government yesterday afternoon, had sparked panic in the tiny state, which has a population of 300,000, about the size of Coventry.
Queues formed at petrol stations as Icelanders rushed to fill up before reported fuel shortages, while savers who tried to withdraw money from banks or sell bank shares on the internet found websites were not working. "
From the page: "The Icelandic Government seized control of the country's biggest banks last night in an attempt to fend off wholesale economic collapse.
Turmoil at the banks, whose shares were suspended by the Government yesterday afternoon, had sparked panic in the tiny state, which has a population of 300,000, about the size of Coventry.
Queues formed at petrol stations as Icelanders rushed to fill up before reported fuel shortages, while savers who tried to withdraw money from banks or sell bank shares on the internet found websites were not working. "
