Why did Iceland's economy drop in 2008?

Please give out a website source..NO WIKIPEDIA, PLEASE...

please help!! thank you!!

1 Answer

  • Dave B
    Lv 6
    9 years ago
    Favorite Answer

    Banks imploded - too much interest not enough income, strong currency ended up going south, literally and figuratively, and they defaulted. Same basic thing that is happening to greece, except Merkel didn't come to the rescue.

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