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Old 10-07-2008, 12:49 AM   #5
meneliel
Avalon Senior Member
 
Join Date: Sep 2008
Location: Reykjavik, Iceland
Posts: 11
Default Re: Iceland Economic Collapse

Hi guys!
I leave in Iceland and everything is a mess here
Many people loosing their jobs, many are afraid of losing their money so there have been lot of people panicking and getting all their money out of the banks.
Many afraid to lose their homes.
Lot of people despaired because their mortgages are based on foreign currency (i.e. euros).
Letīs see what happens this week, as things have been getting from bad to worse...

More info in this link:
http://www.telegraph.co.uk/finance/f...-in-smoke.html
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