The compelling and authoritative story of the financial destruction of Iceland a saga that mirrors, in microcosm, the forces that caused the global ecomic crisis. The ecomic crisis that emerged in America in 2008 unleashed a veritable epidemic of ill health around the world. However it was Iceland, whose population of three hundred thousand had the world's highest GDP per capita and counted itself the happiest of countries, that caught the worst cold. It has nearly killed them. No story from the ecomic crisis of 2008 is more evocative than I celand's. The names may be unfamiliar Johanesson, Bjoergolfsson, Oddsson but their exuberance, greed, and miscalculation have many counterparts on our shores. And however traumatic the collapse of individual companies may be in the United States, in Iceland's case an entire country melted down. All the wealth accumulated in the previous decade during which a new breed of Icelanders had dared to believe they could compete ecomically on an international level, during which Reykjavik became the Capital of Cool disappeared practically overnight. Iceland's story shows how closely the world ecomy is interconnected: The default on subprime mortgages in the U .S. led to the collapse of Lehman Brothers, which led directly to the run on Iceland's banks, which forced local authorities in Britain to switch off the heating in their classrooms. With panache and color, Roger Boyes tells the inside story of the bankrupting of I celand: how it happened, the human dramas from politicians to financiers to fishermen that continue to swirl around it, and the lessons we can t igre. Published on the first anniversary of its collapse, Meltdown Iceland is a cautionary tale for our times, an authoritative and compelling account of the financial destruction of a tiny country whose saga should resonate for us all.
Product Identifiers
Publisher
Bloomsbury Publishing PLC
ISBN-10
1608190188
ISBN-13
9781608190188
eBay Product ID (ePID)
189827724
Product Key Features
Format
Unsewn / Adhesive Bound,PAPER over Boards,With Dust Jacket, Hardback
Language
English
Topic
Economics: Professional & General
Author
Roger Boyes
Genre
Economics: Professional & General
Dimensions
Height
239mm
Width
163mm
Weight
431g
Additional Product Features
Spine
25mm
Date of Publication
29/09/2009
Country of Publication
United States
Author Biography
Roger Boyes is an award-winning correspondent, having covered Western and Eastern Europe for the past thirty years. He currently writes for the Times of London, and has in the past written for the Financial Times. He has been reporting from Iceland since he was sent on his first foreign assignment to cover the Cod War in 1976. He lives in Berlin.