Iceland teeters on the brink of bankruptcy

[Barman]

REYKJAVIK, Iceland - This volcanic island near the Arctic Circle is on the brink of becoming the first "national bankruptcy" of the global financial meltdown.

Home to just 320,000 people on a territory the size of Kentucky, Iceland has formidable international reach because of an outsized banking sector that set out with Viking confidence to conquer swaths of the British economy — from fashion retailers to top soccer teams.

The strategy gave Icelanders one of the world's highest per capita incomes. But now they are watching helplessly as their economy implodes — their currency losing almost half its value, and their heavily exposed banks collapsing under the weight of debts incurred by lending in the boom times.

Source

The first domino to fall...? 

[Uncle Mort]

Last year, Iceland won the U.N.'s "best country to live in" poll, with its residents deemed the most contented in the world.

 

[Barman]

Last year, Iceland won the U.N.'s "best country to live in" poll, with its residents deemed the most contented in the world.

 

I wonder if they'll win this year??? 

[Snoopy]

Central Heating Oil Tank Full
Log Shed Full
All money safely deposited in the Bank of the Loose Floorboard
Freezers (x2) full to capacity
Larder and store cupboards full to capacity
Bread flour 20 kilos in stock
Rice 20 kilos in stock
Pasta 15 kilos in stock
Winter clothing all checked, washed and ironed ~ replacements obtained where necessary
Friendship with local gamekeeper renewed over a beer to ensure supply of pheasant when required
12 months worth of jams, pickles, chutneys made and stored
Both Cars have had "Winter prep" and are full of petrol (@£1.05 a litre)
Emergency 10 gallons of petrol in garage
Autumn Break in Dorset booked and paid for a year ago.

Frankly I don't give a fat rat's arse what happens ~ it is not going to make any difference to us.
I have nothing left for them to take from me.

[Nick]

Have you got a gun?

[Snoopy]

Have you got a gun?

I have access to one ~ no you may not.

[Uncle Mort]

Just what I was thinking.

[Nick]

You are Jamie Theakston and I claim my £5