Iceland worries financial markets

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

Is an international financial crisis taking shape in the middle of the North Atlantic? This is what the world markets fear when the central bank of Reykjavik has just raised, last week, its main key rate, bringing it to 11,75%. A measure far from being anecdotal for analysts who follow the situation of the small island of 300 inhabitants as if it were a major market. In fact, they are trying to find out whether this is just an epiphenomenon or the harbinger of a major crisis in the international financial system.

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