Iceland worried financial markets

Analysts scrutinize the deterioration of the island's financial situation. Some see it as the warning signs of a major crisis that could spread.

Would an international financial crisis be taking shape in the middle of the North Atlantic? This is feared by global markets as the central bank of Reykjavik just raised, last week, its key rate, bringing it to 11,75%. A far from anecdotal measure for analysts who follow the situation of the small island of 300 000 inhabitants as if it were a major market. In fact, they want to know whether this is just an epiphenomenon or the harbinger of a major crisis in the international financial system.

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