In a bar in Búðir, eastern Iceland, the regular afternoon crowd looks on as the supersize TV relays a litany of bad news about the country’s economy. An update on the struggling krona. Financial results from a Reykjavik bank that almost collapsed in the turmoil of 2008. More reflections on the Icesave debacle, and the rights and wrongs of the British government’s tough demands for compensation from Iceland. The drinkers react like the chorus of a Greek tragedy. In this part of Iceland, it seems, there is no good news.
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