The Sinking Island – Iceland | State Unemployment Information

The Sinking Island – Iceland

December 18th, 2009 by

Check out this awesome video - November 2008 Iceland has been hit hard by the financial crisis. Banks have defaulted, unemployment is rising and the currency has lost 80% of its value. Now Iceland is one of the first countries to go bankrupt. Icelands bars are the countrys only success story of recent months. A lot of people come in now, says bartender Ludvig Ludvigsson, they drink because they feel that their lives are finished. Many of those coming in were previously wealthy bankers made unemployed by the crash. When ... What do you think? Leave your comments below...

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