How Iceland Became A Symbol Of The 2008 Financial Crisis



Iceland - The Sinking Island (2008): A look at the 2008 Icelandic collapse from the inside. For similar stories, see: Fast Money, Big Bust (2010): https://youtu.be/uCx_wPbUJhE Hook Line and Sunk (2009): https://youtu.be/r7InlN2x08Q Hydrogen Economy (2003): https://youtu.be/U79CWDtdZOA Subscribe to journeyman for daily uploads: http://www.youtube.com/journeymanpict... For downloads and more information visit: https://www.journeyman.tv/film/4238/iceland-the-sinking-island Like us on Facebook: https://www.facebook.com/journeymanpi... Follow us on Twitter: https://twitter.com/JourneymanVOD https://twitter.com/JourneymanNews Follow us on Instagram: https://instagram.com/journeymanpictures Now Iceland is one of the first countries to go bankrupt. Iceland’s bars are the country’s only success story of recent months. ‘A lot of people come in now’, says bartender Ludvig Ludvigsson, ‘they drink because they feel that their lives are finished.’ Many of those coming in were previously wealthy bankers made unemployed by the crash. ‘When the Landisank Bank went down it was particularly bad’, recalls Ludvigsson. Senior policeman Geir Thorisson has also seen how fast things have changed since the banks defaulted in October. As money runs short theft is on the rise. But this is not the only problem the police face; protesters gather outside banks and government buildings and the mood often becomes violent. ‘There are individuals who want go much further, to take down the entire administration, sack the parliament’. In the docklands, construction sites for luxury flats lie abandoned next to the half-built National Opera House. ‘Everyone is affected’, says Rev Palmi Matthiasson. ‘Kids listen to their parents whispering in the night time about losing their jobs, selling the house, how they will face the next day. And maybe we have not reached the bottom yet’. tv2 Norway – 4238 Journeyman Pictures is your independent source for the world's most powerful films, exploring the burning issues of today. We represent stories from the world's top producers, with brand new content coming in all the time. On our channel you'll find outstanding and controversial journalism covering any global subject you can imagine wanting to know about.

Comments

  1. This report is so far-fetched and misleading on so many levels. Especially from the current perspective knowing how easily they have climbed out of the crisis and how well-off they are now. Even at it's lowest point during the crisis Iceland was the safest country on Earth. And speaking of the church and kids, 0.0% of people under the age of 25 believe God created the universe in Iceland. It is the kind of shit my 85 year old grandma would fall for. With constant "omg" gasping.
  2. Lucky iceland. I wish I could live in an almost homogeneous society


Additional Information:

Visibility: 1383

Duration: 9m 44s

Rating: 7