The Icelandic "outvasion" (Icelandic: útrás [ˈuːtraus]) was the period in the economic history of Iceland between 2000 and the onset of its financial crisis in October 2008. With the privatisation of the Icelandic banks being advantageous for investors, there was a large supply of cheap loan capital on the international market.
The Icelandic "outvasion" (Icelandic: útrás [ˈuːtraus]) was the period in the economic history of Iceland between 2000 and the onset of its financial crisis in October 2008. With the privatisation of the Icelandic banks being advantageous for investors, there was a large supply of cheap loan capital on the international market.
Source: Wikipedia "Icelandic outvasion" · CC BY-SA 4.0
Share this article: X · Bluesky