by RogerBoyes (Author)
The inside story of the bankrupting of Iceland It is a truism that when America sneezes, Europe catches a cold. The sub-prime mortgage crisis, which began in America in 2007, unleashed a veritable epidemic of financial ill health all over the world. All European countries were affected, and the developing world also felt a chill. However it was Iceland, a tiny volcanic outcrop in the North Atlantic whose population of 300,000 had the highest per capita GDP and counted itself the happiest in the world, which caught the worst cold. It has nearly killed them. Written with panache and colour, and drawing on interviews with everyone from the prime minister, Sir Phillip Green, the governor of the central bank, Bjork and the local fisherman, Meltdown Iceland is an authoritative account of the financial destruction of this tiny, icy but vibrant country.
Format: Paperback
Pages: 256
Publisher: Bloomsbury Publishing PLC
Published: 05 Apr 2010
ISBN 10: 1408803089
ISBN 13: 9781408803080
Book Overview: Roger Boyes is an award-winning correspondent for The Times with unique access to the key figures, including the Prime Minister A huge number of British people had personal investments in Iceland and will be eager to learn the full story of the crisis The repercussions of Iceland's crash are still evident today - and will continue to be so for years to come