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American Book 430135 Meltdown Iceland


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About the Author

Roger Boyes is an award-winning correspondent, having covered Western and Eastern Europe for the past thirty years. He currently writes for the Times of London, and has in the past written for the Financial Times. He has been reporting from Iceland since he was sent on his first foreign assignment to cover the Cod War in 1976. He lives in Berlin.


"British correspondent Boyes, a veteran when it comes to covering Iceland and its 300,000 citizens, recounts how the country's financial saga began in the 1990s with the privatization of banks and a series of accommodative government policies... Boyes goes beyond the financial crisis to explain the country's social structure, cultural outlook, and political and business hierarchy... For anyone interested in Iceland, Boyes's work is absolutely essential. For those needing material on the global nature of the credit crisis, this is a great supplementary source." --Library Journal "How did the tiny, remote island nation of Iceland become a casualty of the global financial crisis? Boyes, correspondent for the Financial Times and the Times of London, has been reporting from Iceland since he was sent on his first assignment to cover the Cod War in 1976. In Iceland, as elsewhere, the seeds of destruction were planted 25 years earlier with the privatization and deregulation of the Reagan-Thatcher years... When it all fell apart during the global financial crisis, Icelandic banks collapsed, bankrupting the entire nation. Boyes follows the saga involving a mere handful of bankers and politicians, but the story becomes a microcosm of the situation facing the world at large." --Booklist "A valuable adjunct to the small but growing literature surrounding the current economic crisis." --Kirkus Reviews "An energetic exploration of lessons to be drawn from a statelet that skidded toward bankruptcy a year ago this month." --Bloomberg.com

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