Iceland worried financial markets


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Analysts scrutinize the deteriorating financial situation of the island. Some see the warning signs of a major crisis that could spread.

Would an international financial crisis taking shape in the middle of the North Atlantic? That's what fear global markets as the central bank just raised Reykjavik last week, its main policy rate, bringing it to 11,75%. A measure far from trivial for analysts who follow the situation of the small island of 300 000 people as if it were a major market. In fact, they look at whether there is only an epiphenomenon or the harbinger of a major crisis in the international financial system.

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