Lazarus 0 Posted October 11, 2008 Share Posted October 11, 2008 Supposedly on the verge of national bankruptcy. http://www.telegraph.co.uk/finance/finance...p-in-smoke.html Iceland had also presided over the fastest expansion of a banking system anywhere in the world. Little did anyone know that the expansion once so admired would go on to saddle the country with liabilities in excess of $100 billion – liabilities that now dwarf its gross domestic product of $14 billion. Meanwhile, Icelandic interest rates have been catapulted to 15.5 per cent, peaks not seen in Britain since Black Wednesday, in an attempt to rein in inflation. The krona's freefall on the international currency markets is surpassed only by the catastrophic failure of Zimbabwean currency. Link to comment Share on other sites More sharing options...
Jimbo 133 Posted October 11, 2008 Share Posted October 11, 2008 I bet West Ham are bricking it ! £30m fine + Owners facing bankruptcy Good times ! Link to comment Share on other sites More sharing options...
NJS 3986 Posted October 11, 2008 Share Posted October 11, 2008 Trouble is Iceland is probably the size of a large corporation in terms of "turnover" but they've got carried away with credit and trying to be a player beyond their means. Banking is all a house of cards - the stupid thing is nothings really changed apart from confidence - the US government should have taken on the bad debt a lot earlier and converted the loans to rent. Link to comment Share on other sites More sharing options...
snakehips 0 Posted October 11, 2008 Share Posted October 11, 2008 I bet West Ham are bricking it ! £30m fine + Owners facing bankruptcy Good times ! No, just another (London as well) club likely to be sold to possible purchasers of NUFC. Link to comment Share on other sites More sharing options...
Jimbo 133 Posted October 11, 2008 Share Posted October 11, 2008 it's all kerry katonas fault Huge norks though... Link to comment Share on other sites More sharing options...
triggy99 0 Posted October 11, 2008 Share Posted October 11, 2008 Supposedly on the verge of national bankruptcy. http://www.telegraph.co.uk/finance/finance...p-in-smoke.html Iceland had also presided over the fastest expansion of a banking system anywhere in the world. Little did anyone know that the expansion once so admired would go on to saddle the country with liabilities in excess of $100 billion – liabilities that now dwarf its gross domestic product of $14 billion. Meanwhile, Icelandic interest rates have been catapulted to 15.5 per cent, peaks not seen in Britain since Black Wednesday, in an attempt to rein in inflation. The krona's freefall on the international currency markets is surpassed only by the catastrophic failure of Zimbabwean currency. how many dvds do you want? Link to comment Share on other sites More sharing options...
Snake 0 Posted October 11, 2008 Share Posted October 11, 2008 I've got money in an Icelandic account, cunts Link to comment Share on other sites More sharing options...
snakehips 0 Posted October 11, 2008 Share Posted October 11, 2008 My Icelandic account is frozen. Coat. Get. My. I'll. Link to comment Share on other sites More sharing options...
Meenzer 14069 Posted October 11, 2008 Share Posted October 11, 2008 http://www.thedailymash.co.uk/news/war/cou...h-200810101314/ Link to comment Share on other sites More sharing options...
Fop 1 Posted October 12, 2008 Share Posted October 12, 2008 Trouble is Iceland is probably the size of a large corporation in terms of "turnover" but they've got carried away with credit and trying to be a player beyond their means. Banking is all a house of cards - the stupid thing is nothings really changed apart from confidence - the US government should have taken on the bad debt a lot earlier and converted the loans to rent. The stupid thing is that they were allowed to do what they did in the first place. The silly thing is that bailing out corporations, run by people earning vast sums of money for being morons, with cash from the public purse is the only thing left to do. Even in the UK we're looking at £13,000 per person (and given quite a few in the UK don't pay tax, more per tax payer) for the current deals. Link to comment Share on other sites More sharing options...
Venom 0 Posted October 12, 2008 Share Posted October 12, 2008 kerry katona's fucked Link to comment Share on other sites More sharing options...
Rob W 0 Posted October 13, 2008 Share Posted October 13, 2008 250,000 people trying to run a country I'll bet the Central Bank has a couple of OAP's , a couple of lasses on work experience and a Polish tea lady.................. Link to comment Share on other sites More sharing options...
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