The Little Economy That Couldn’t

I think it's their bad karma for killing whales, but that's just me.

By HARRY HURT III
THERE is a relatively new expression in global financial circles: “going Iceland.”
It’s not an invitation to foreign tourists to enjoy a vacation on the island known for its geysers, glaciers and legendary Viking heritage. Rather, as Asgeir Jonsson explains, it denotes the sudden economic collapse of an entire country, a tale that larger nations might do well to heed. Clicking title will take you to whole article.