By Dian L. Chu, Economic Forecasts & Opinions The Icelandic financial crisis has been ongoing since 2008 when all three of the country’s major commercial banks collapsed after they failed to refinancing their short-term debt and a run on deposits in the U.K. In July, I talked about how Iceland is totally not a post-crisis miracle as Paul Krugman claims, but just how are things now with Land of Fire and Ice? Scary Economic Numbers Some of the scary economic figures, courtesy primarily of the plunging Icelandic króna: Inflation has soared 41…
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