So I finally did buy my car. I realized that In Iceland it’s quite a different business than in France for example. You go in a car dealer, you ask few questions regarding the car, naturally ask the keys to try it and when you’ve made up your mind: you buy it with your credit [...]
I was optimistic with the crisis evolution in Iceland. Unfortunatly that wasn’t counting the bankruptcy of US 158-year-old firm Lehman Brothers. The demise of the Wall Street institutions came as shock waves from the 14-month-old credit crisis roiled the U.S. financial system six months after the collapse of Bear Stearns. The Icelandic banks have all participated in the [...]