Cold Comfort: Iceland after the crash

By David Murphy, Business Editor Comment on this article via Twitter This time three years ago, Ireland put €24bn into its banks to keep them afloat. It was hoped it would be the last occasion when the taxpayer would be tapped to fix the country’s lenders. But another island in the North Atlantic allowed its banks fail in 2008 instead of rescuing them. Now that both countries are recovering, it is worth examining how Iceland fared after its own decision …