Iceland's central bank has increased interest rates by a massive 6 percentage points to 18pc, just two weeks after it had eased policy to soften the impact of the country's financial meltdown.More.
Iceland's prime minister Geir Haarde is confident that financial aid will arrive from other Nordic states.
Kreppanomics: a report in The Economist on the financial crisis in Iceland.
1 comments:
And the tax rate is having a bad influence here in Iceland - companys going under and lots of people being laid off .
Some companys are lowering the time that people work - up to 50 % less work - so they dont have to fire them
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