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Iceland's krona: By then the delayed cluster bomb of Europe's unemployment will have detonated

posted Jul 26, 2009, 2:29 PM by Gunnar Rögnvaldsson   [ updated Sep 4, 2009, 9:54 PM ]

Iceland's krona proves the magic wand as Europe ails

Iceland's krona is working its magic cure. 

Well-heeled Japanese tourists – once a rarity – can be seen these days sampling halibut at Reykjavik's Siggi Hall, or buying Gymur jackets at the 66°North store on Bankastraeti.


Tengt efni
  • The krona has fallen by half against the euro since the `New Viking' trio of Landsbanki, Glitnir, and Kaupthing strayed out of their depth and brought down Iceland's financial system.
  • "Everything still feels normal. The services of the state are intact. The swimming pool is open. You can still have a decent heart attack in Iceland," said Mr Magnason.
  • By then the delayed cluster bomb of Europe's unemployment will have detonated. Try selling EU protection then.
26 Jul 2009


Grein Ambrose Evans-Pritchard birtist í dag 26. júlí 2009




Lesið alla greinina sem Samfylkingin og Vinstri grænir vilja saga undan Íslandi, hér á The Telegraph

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