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Global Business: Iceland - In From the Cold (1)

22/09/2012

Iceland - In From the Cold (1)

BBC World Service - Global Business, Iceland - In From the Cold (1)

Peter Day reports from Iceland on its economic recovery from the 2008 banking crisis.

Peter Day finds out whether Iceland's speedy recovery in the last four years has lessons for the other countries engulfed by the European crisis.

In 2008 Iceland’s three main banks went bust plunging it into financial disaster.  Global Business reported on the crash in early 2009.  Three years later Peter Day returns to Iceland to look at what many see as its remarkable recovery.  New banks have risen out of the ashes of the old, tourism and fishing are booming and the economy is growing again.  Peter Day finds out if this small island nation has lessons for other countries caught up in the great Euro crisis.

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