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.
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3 comments:
Let's hope the FED doesn't do the American dollar what the banks did to Iceland's currency.
You were up at 6:37 AM on Christmas Day? Why?
To open your gifts to me.
Thanks so much fvor the Brinker Intl. gift cards.
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