Iceland sees signs of economic recovery after collapse in 2008

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Iceland sees signs of economic recovery after collapse in 2008

Iceland sees signs of economic recovery after collapse in 2008Iceland’s economy had collapsed at the end of 2008, when its three largest banks went bust, and its currency plummeted in value. Now after years of austerity, the government says things are improving with promising growth figures and a decreasing unemployment rate. As Barnaby Phillips reports from Reykjavik, Iceland’s capital, the country is even considering joining the eurozone.

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