Over a year ago I read of Iceland’s pending financial disaster, so it’s a little odd this article makes it out to be something that’s very recently come about.
Yes, there were a lot of people predicting that the Icelandic banks were heading for disaster but the smelly stuff only hit the fan in the past three or four months, in the article Gill points out that most Icelanders have enough money to see them through to the New Year but then they’re bust.