To whom it may concern.
It is difficult to live in Iceland today. Even more so than in most places in the Western world.
Prices are going up, unemployment is rising and there is a real danger that people and families are going to lose their homes because of not being able to pay their mortgages. This is because of the collapse of the banks as you may know. This has been happening in the US and in Europe but the Icelandic economy is so small that it nearly collapsed.
The next few months will be very difficult and maybe years.
The IMF has been asked for a loan and it is under consideration. But the people of the Faeroe Islands are giving us a loan and the Icelandic people are very greatful for their friendship.
Yours
Sólon Pétur Einarsson
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2 comments:
We will get thru this together. Hang tight over there! - A reader from Hong Kong
I LIVE IN THE US, FLORIDA. ALTHOUGH WE DIDN'T HAVE A COLLAPSE OF THE BANKING SYSTEM OUR ECONOMY IS DECLINING AS WELL. FLORIDA JOBS ARE FAR AND FEW BETWEEN, FOR EVEN THOSE WITH GOOD EDUCATIONS AND COLLEGE DEGREES. IT SEEMS TO BE A GLOBAL EVENT, SCARY.
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