Iceland goes bankrup

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Uploaded by on Oct 6, 2008

Panel 1
Iceland goes bankrupt
Small Island nation
Consistently high deficits
Heavy bank borrowing

Panel 2
Banks collapse
Foreign banks turn off taps
Queues at petrol stations
Bring pensions home


Panel 3
Rating cut to BBB
Was AA, similar to NZ
Iceland 15% deficit
NZ 9% deficit
300k vs 4 mln




Panel 4
Iceland twice as wealthy
Fish 70% of exports
1% unemployment
Not for long
Cautionary tale

  • likes, 4 dislikes

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  • I'm British and am concerned about my 300000 countrymen who were encouraged to put their life-savings in Iceland. But I must say I am saddened at everyone taking a cheap pop at this vulnerable nation. Icelanders are not arrogant nor bloodthirsty towards animals. So they eat a tiny number of whales. We British slaughter millions of other animals for meat too. i just don't like this image of all the playground bullies circling Iceland like vultures coming in for the kill. I hope UK and others help

  • i live in iceland AND at this time IT SUCKS you cant buy anythign exept food i can bearly afford food so im pretty screwed 15 of my friends have been fired becouse of the STUPID STUPID BANKS FUCKING ASSHOLES!!!

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All Comments (39)

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  • @McCainTheTurdburglar it's not as if the whales we are killing are going extinct..

  • we dont import all our food you ignorant fool, go back and stick your head in the toilet

  • Iceland sucks

  • Explain to me, why the hell is there anything wrong with whaling?!

    By the way. Americans hunt way more whales here in Iceland than Icelanders do.

  • Like most people in Iceland you support whaling. You just defended it saying "There's nothing wrong with it." Therefore you are part of it. I think people in Iceland are very smart in some ways- but whaling is not one of them.

  • And I´m not going to blame you for it, just because you are a part of that nation. I'm not that dumb...

  • There's nothing wrong with it... It's nature. Things are a LOT worse where you live my friend...

  • I might be ignorant and I might be a hypocrite but at least I'm smart of enough to see that whaling is wrong.

  • You are an ignorant hypocrit...

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