冰岛破产(国外英文资料).docVIP

冰岛破产 America, South Korea, Pakistan and dubai also face insolvency crises, from the most livable countries to the most indebted countries With a population of just 320,000, GDP per person is the fourth in the world, and Iceland, a Nordic island, was voted by the United Nations in 2007 as the best place to live. But overnight, the country in this paradise has fallen into hell, and now icelanders have to face the burden of nine times as much as GDP. Happy countrys misfortune Being born in Iceland is considered to be happy. The high welfare system ensures that children can go to college for free, and national health care costs almost all of the governments total, and the benefits of unemployment are low. But today such high benefits are built on the basis of national debt. In Icelands retail stores, residents are snapping up supplies. Because of the collapse of the entire banking system, the foreign exchange market is closed, imports are not available in time, and large quantities of commodities are at risk of breaking up. Moreover, the kronas decline has made local prices even cheaper than before. The krona now has an exchange rate of nearly 15 to 1, nearly double the value of two years ago. Icelands economy is experiencing a great test, major Banks down sharply, currency depreciation, the stock market to suspend trading, Icelands prime minister, even suggest that the national fishing to save food expenses on their own. Some netizens put Iceland on eBay for an auction, with a base price of less than $2. The auction of Iceland attracted 26 anonymous people, who collectively called it 84 times, rising to 10 million pounds in one day. Icelandic Banks have gobbled up capital from home and abroad in recent years, and have bought a large number of overseas assets, which eventually led to ballooning debt. Icelands GDP is only $2007 in 19.37 billion, but the foreign debt of more than $138.3 billion, about 320000 population in Iceland, which is roughly equivalent to Iceland o