Play Live Radio
Next Up:
0:00
0:00
Available On Air Stations
Watch Live

International

Mourning Iceland's Economic Demise

A few weeks ago, Iceland nationalized its banks, halted currency trading and shut down its stock exchange.

"It's a strange situation to live in one of the wealthiest countries in the world and now all of a sudden, we find ourselves almost like beggars," Icelandic journalist Sigridur Hagalin Bjornsdottir tells Alex Cohen.

"Before, we didn't have any unemployment," she says, but now hundreds of people who worked in the banks are losing their jobs and she expects many businesses throughout the country will soon go bankrupt.

Advertisement

Copyright 2022 NPR. To see more, visit https://www.npr.org.

Fact-based local news is essential

KPBS keeps you informed with local stories you need to know about — with no paywall. Our news is free for everyone because people like you help fund it.

Support local independent journalism now.