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2008: What exactly constitutes betrayal?
2008: What exactly constitutes betrayal?
After a 12-year absence from Iceland, Frida returns home with her husband Damien, a suave and sophisticated British diplomat who has just been made Ambassador to Iceland. It is summer 2008, and the global economy is on shaky ground. As the Icelandic economy begins to spiral out of control, Frida and Damien’s marriage starts to unravel.
Seeking refuge, Frida travels to a small fishing village on Iceland’s West Fjords, where a chance encounter with a stranger turns out to have greater implications than she could ever have foreseen. With Iceland and Britain locked in a bitter diplomatic dispute, Frida is forced to examine her marriage, her loyalties, and ultimately to answer the question: What exactly constitutes betrayal?
What did happen during the financial crash and how did it affect the average man and woman on the street?
The Icelandic financial crisis was a major economic and political event in Iceland that involved all three of the country’s major privately owned commercial banks defaulting in late 2008. Before the crash every one of the banks had had trouble refinancing their short-term debt and a run on deposits in the Netherlands and the United Kingdom.
Given the size of the country, Iceland’s systemic banking collapse was the largest experienced by any country in economic history.There weren’t just economic problems to deal with – the crisis led to a severe economic depression in 2008–2010 and significant political unrest. This book mixes all three and looks at it from many unique points of view.
Destination: Iceland, Reykjavik Author/guide: Alda Sigmundsdottir Departure Time; 2008
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