Collapse of Iceland
Vincent Altamura and Mike Nikolla
Thesis
The Collapse of Iceland's Economy
The recent volcanic activity has also started to slowly destroy Iceland. It is slowing them down and causing economic destruction needing money to rebuild what has been destroyed by the activity.
They are going into serious debt and are losing everything they have because they can't repay what they took and need to find ways to find that money and pay it back.
Works Cited
Bagus, Philipp. "The Ludwig Von Mises Institute." Philipp Bagus. N.p., n.d. Web. 27 Feb. 2014.
Capell, Kerry. "The Stunning Collapse of Iceland." Bloomberg Business Week. Bloomberg, 09 Oct. 2008. Web. 27 Feb. 2014.
Sanati, Cyrus. "Iceland Is Europe's Ticking Time Bomb -- Again." CNNMoney. Cable News Network, 12 Aug. 2013. Web. 27 Feb. 2014.
Weisberg, Jonathan T. F. "Yale Insights." What's the Lesson of Iceland's Collapse? Yale School of Management, May 2009. Web. 27 Feb. 2014.