Iceland’s banking saga reverberates five years on

Author (Corporate)
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Series Details 08.10.13
Publication Date 08/10/2013
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In October 2008, Iceland became the first advanced economy to suffer a systemic banking collapse. As Ásgeir Jónsson notes, five years on the European banking system remains fundamentally flawed.

The related hyperlink from SOI reports that in 2008, Iceland experienced one of the most dramatic crashes any country had ever seen. Since then, its recovery has been just as impressive. Are there lessons to be learned? SPIEGEL went to the island nation to find out.

Source Link Link to Main Source http://dw.de/p/19v7E
Related Links
ESO: Background information: Iceland wins court case against UK, Dutch savers http://www.europeansources.info/record/iceland-wins-court-case-against-uk-dutch-savers/
Spiegel Online International, 10.01.14: Out of the Abyss: Looking for Lessons in Iceland's Recovery http://www.spiegel.de/international/europe/financial-recovery-of-iceland-a-case-worth-studying-a-942387.html
The New York Times, 15.01.14: After Crisis, Iceland Holds a Tight Grip on Its Banks http://dealbook.nytimes.com/2014/01/15/after-crisis-iceland-holds-a-tight-grip-on-its-banks/

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