Episode 6

Overview

What is Iceland doing that we are not? Old Icelandic tales historically have been told in the style of sagas. That’s with a beginning – where the history of the tale is told, a middle – where a fight, or struggle, occurs and the end where the situation is resolved. Darren Laing has been to Iceland to investigate the country’s economic situation – the history, struggle and the resolution. The banks fell, the old government fell and the country obtained an emergency loan from the IMF. Now though, there is growth in the economy (2.7% in 2011), and the number of people out of work has fallen.