Why Iceland?

The reasons behind Iceland簿聶翻s decline簿聶翻and.what it now means for the rest of the world

How did a nation of 300,000 build an international.banking empire of assets equaling 12 times its GDP簿聶翻.and then lose it all overnight?

簿聶翻sgeir J簿聶翻nsson, head of research and chief economist.for Iceland簿聶翻s biggest bank, was in the midst of it all..Here, he explains the whole story of how Iceland grew.into a banking empire and then collapsed, including the.theory that Iceland簿聶翻s fall was the result of a speculative.attack by hedge funds on the nation簿聶翻s banking system..He examines the roles played by the United States and.United Kingdom, and predicts how the collapse will, in.turn, affect them.