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In Business: Iceland - In from the Cold

Factual

Iceland - In from the Cold

13/09/2012

BBC Radio 4 - In Business, Iceland - In from the Cold

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

Four years ago Iceland was in financial disaster, but now it's back on the up. Peter Day finds out whether Iceland's speedy recovery has lessons for the rest of Europe.

In 2008 Iceland's three main banks went bust plunging it into financial disaster. In 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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