NetQuantum :: Recreation :: Scouting :: Regional :: Europe :: Iceland ::

• The stunning collapse of Iceland
Home to just 304,000 people, tiny Iceland is emerging as the biggest casualty of the global financial crisis. On Oct. 9, the government took control of the country's largest bank, Kaupthing, and halted trading on the Reykjavik stock exchange until ...
• U.K. threatens to sue Iceland to protect savers
REYKJAVIK, Iceland - Britain added to the financial chaos engulfing Iceland by declaring Wednesday it planned to sue over lost deposits held by thousands of Britons with Icelandic bank accounts. The news from London even overshadowed an emergency ...
• Iceland teeters on the brink of bankruptcy
REYKJAVIK, Iceland - This volcanic island near the Arctic Circle is on the brink of becoming the first “national bankruptcy” of the global financial meltdown. Home to just 320,000 people on a territory the size of Kentucky, Iceland has formidable ...
• The silver lining in the global slump
A doubling of value near the Northern Lights For the most extreme case, look to Iceland. In January of this year one U.S. dollar would get you around 62 kroner. When I visited at the end of last month, I got around 100 kroner to the dollar. This week ...
• Oil rebounds after falling to 8-month low
Ireland, Iceland, Denmark and Greece moved quickly to guarantee bank deposits to ease consumer anxiety. Investors are looking for signs that the Organization of Petroleum Exporting Countries may cut production if prices fall further. Iranian Oil ...