Monday January 26, 2009 at 14:45
Iceland’s Government Collapses
(via mattlehrer)
“Iceland has been mired in crisis since the collapse of the country’s banks under the weight of debts amassed during years of rapid expansion. Inflation and unemployment have soared, and the krona currency has plummeted.”
insane debt, rapid expansion, inflation, unemployment, falling currency…that sounds familiar.
This post was reblogged from Matt Lehrer.
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