Angry over finance crisis, Icelanders throw produce
Business News
Nov 15, 2008, 16:06 GMT
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Older Talkback
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Throw toilet paper, not jesus-bombs!
I guess Adam Smith never got to Iceland...
Quoting the article:''Iceland stands at the brink of bankruptcy after the country's three largest banks collapsed in the fallout from the world financial crisis. The country's citizens now have to deal with an inflation rate of 15 per cent, a prime interest rate of 18 per cent and drastically increased unemployment.''
No one should feel smug or safe. The United States is not very far behind Iceland on inflation and interest rates. How Americans react will be a different thing altogether.
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