Tag Archives: Iceland

The Atlantic has a fascinating map/flowchart thing on how the Boom-Bust progressed in Iceland.  Click the image for a larger view.

Because of its remarkable (and unsustainable) growth over the past decade, Iceland has been, in some ways, the canary in the coal mine for our current global financial crisis.  The chart explains (in 10 easy steps!) how changes in the banking industry in Iceland propelled both its meteoric rise and its monumental collapse.