Zorain
Oct 7, 2008, 02:18 AM
I heard on the news last night that Iceland may go bankrupt? What are the factors that lead to a country going bankrupt?
George_1950
Jan 11, 2009, 09:34 PM
Welcome to AMHD. Check this: "A financial avalanche is hitting Iceland's tiny economy, as the bill from years of heavy borrowing has come due amid the global credit crisis, leading to a tumble in the currency and distress in the banking system." Financial avalanche hits Iceland amid global credit crisis - MarketWatch (http://www.marketwatch.com/news/story/financial-avalanche-hits-iceland-amid/story.aspx?guid=%7BE3664C74-C084-4EEB-AE58-7541E5449530%7D)