
"Practically overnight, Iceland's banking system collapsed, taking the currency and much of the rest of the economy with it. The krona plunged by some 75% in a matter of days before it essentially stopped trading altogether. The country's three large banks, which had between them borrowed the equivalent of many times Iceland's annual economic output, imploded as money rushed out of Iceland even faster than it had poured in during the boom years."
Brian M. Carney i
Wall Street Journal om planerna på att förändra det isländska fiskekvotsystemet.