Iceland: UN's Best Country to Live '07. Oct 5/08: Food hoarding , Currency rated just above Zimbabwe
The party's over for Iceland, the island that tried to buy the world
Almost overnight, its population became the wealthiest on Earth. Tracy McVeigh in Reykjavik finds that the credit crunch is making the cash disappear
- Tracy McVeigh
- The Observer,
- Sunday October 5 2008
Lie back and think of an economic upturn...bathers take to the Blue Lagoon, near Reykjavik. Photograph: Bruno Morandi/Getty
The snow has arrived early in Reykjavik after an unusually long and warm summer. The freeze has brought out the ghostly green haze of the aurora borealis - the Northern Lights - the shape of which shifts dramatically across the tiny city's black skies.
The bars and restaurants of Iceland's capital are packed, the Range Rovers and BMWs are parked nose to tail all along the streets of the central 101 district, and music is pumping from a black stretch Hummer limousine cruising by.
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