http://news.yahoo.com/s/ap/20081007/ap_on_re_eu/eu_iceland_meltdown_1

It's just so unbelievable just how fast and hard this whole thing has hit everywhere it seems. Iceland is bankrupt??? That is one place I always wanted to visit. Talk about beautiful women???? Iceland might lead the pack even as a small country. Everything is going to be owned by the Russians Chinese and Arabs. I don't know here guys--this is something that is not looking good.

The day you learn how to 'hot link' will be the day I'm relieved.

http://news.yahoo.com/s/ap/20081007/ap_on_re_eu/eu_iceland_meltdown_1

Briggs - when you put in and URL, use the button on the top - 5th from the left. Then paste the URL inbetween the 2 url parenthesis.

I have friends who go to Iceland for 3 months at a time. They love it there. Beautiful and very in tune with their natural beauty.

Posted by 4949:

And it's 'ON THE BRINK'. So it hasn't exactly gone bankrupt just yet. Make this clear dude.

BRIGGS is right: http://www.businessweek.com/the_thread/economicsunbound/archives/2008/10/iceland_goes_ba.html

That’s an amazing sentence: Iceland goes bankrupt. But that’s exactly what happened yesterday (see BW piece here. See NY Times piece here). That’s a clear sign that the global financial crisis is entering a new and vastly more dangerous phase, where we are paying the price of the lack of a global financial regulator and global central bank.

What ‘bankrupt’ means is just that: The country cannot pay back its external debts, and the Icelandic currency, the krona, has become essentially valueless in the rest of the world. That means the country can no longer pay for imports.

All good BRIGGS, keep posting links. Even without URL tags is fine.