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      The big chill


      the falling currency has hurt many of my friends studying outside of iceland .
      in britain, well known names such as house of fraser, hamleys and, appropriately, the supermarket chain iceland have been snapped up during the icelandic invasion .
      interest rates are at 15.5%, inflationa is over 12% .
      debt crisis iceland's troubles can be blamed on an increasingly-familiar source - the international money markets .
      can oskar loan the banks some money? he shakes his head with a chuckleep, no sorry, i've not got thouse kind of sums in the bank .
      we've hade amazing growth, says uour, a student exchanging outsidents of it's been econe of the trendy - but expensive - barks that reykjavik is famous for .
      Generated 2008-10-8_13:10


      • The big chill 2008-10-06 08:41:22

      • http://news.bbc.co.uk/go/rss/-/1/hi/business/7654154.stm
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