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The Collapse of Iceland in 10 Easy Steps

Here’s an infographic courtesy of Miss Fipi Lele that explains Iceland’s economic collapse. You can click it to see it at full size:

Joey deVilla

James McNally says:

December 3, 2008 at 4:57 pm

Hey Joey, I was in Iceland in late September-early October just as the crash was happening. There seems to a certain anger and smugness to most of the reporting that is completely unfair to the majority of the population who weren't freespending bankers. I wrote up a blog post for OpenSRS: http://opensrs.com/blog/2008/10/meet-the-resellers-iceland/

And if you're interested in the day to day situation there, read my friend Alda's excellent blog: http://icelandweatherreport.com/
terry valko says:

December 4, 2008 at 7:02 pm

nobody escapes the IMF. Nobody.
It is responsible for the popularity of Ricola cough drops and the rise in Argentine Tango. They were behind Chipotle and Asiago. Can a Cod Liver Oil innundation be far behind?