When Iceland’s banking system collapsed in the 2008 financial crisis, the government let the banks go bankrupt, rather than bailing them out, and secured a loan from the International Monetary Fund (IMF). In addition, the government guaranteed in full all deposits in Iceland, and they asked Belgium, Luxembourg and the UK to insure deposits in […]

The home of the first Viking explorers of North America and a volcanically active territory, the Nordic island country of Iceland spans an area of 103,000 sq. km and has the lowest population density among all the European countries. Nature is at its breathtaking best in Iceland, although the region is also prone to natural […]