Sonntag, 9. November 2008

Wie man in Island die Finanzkrise spürt

Prices are soaring. Once-crowded restaurants are almost empty. Banks are rationing foreign currency, and companies are finding it dauntingly difficult to do business abroad. Inflation is at 16 percent and rising. People have stopped traveling overseas. The local currency, the krona, was 65 to the dollar a year ago; now it is 130. Companies are slashing salaries, reducing workers’ hours and, in some instances, embarking on mass layoffs.

Quelle: Stunned Icelanders Struggle After Economy’s Fall –

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Labels: Allgemein

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