Wednesday, December 24, 2008

Christmas in Iceland: Not So Merry This Year


The Financial Times reports on the sad state of Iceland's Christmas season, given the country's banking collapse this year, "Iceland gives Christmas frosty reception".

The photo above, from a related FT slide show, is of a partially built building in a Reykjavik suburb -- a suburb that is likely to remain half-built, according to the FT, due to the collapse in credit availability.

3 comments:

Commode- ity said...

Let's hope the FED doesn't do the American dollar what the banks did to Iceland's currency.

DaveinHackensack said...

You were up at 6:37 AM on Christmas Day? Why?

Commode-ity said...

To open your gifts to me.

Thanks so much fvor the Brinker Intl. gift cards.