Apocalypse Watch: Iceland Nearly Bankrupt
They’ve produced some truly exquisite music (Sigur Ros, Bjork) and offered us one of the great villains of modern cinema (team Iceland in Mighty Ducks 2), but now, sadly, they are on the verge of bankruptcy.
That’s right, the country of Iceland has all but gone bankrupt.
Evidently while its residents have busied themselves making mind-blowingly whimsical music videos, the government and banking industry in Iceland were recklessly setting the country up for economic collapse.
Maybe now that their currency has lost 50% of its value, I should take my long sought trip to Reykjavik. But then again… what would be open when I got there?