2008–2011 Icelandic financial crisis

Rarity: Uncommon

A topic a little better known than average, read and translated beyond its own country.

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Science and technology

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What Wikipedia says

A major financial crisis took place in Iceland between 2008 and 2010. It involved the default of all three of the country's major privately owned commercial banks in late 2008, following problems in refinancing their short-term debt and a run on deposits in the Netherlands and the United Kingdom.

Excerpt from the Wikipedia article “2008–2011 Icelandic financial crisis”, under the CC BY-SA 4.0 license. Read the article on Wikipedia

Image: Thalion77, Public domain, via Wikimedia Commons.