Iceland spurns Chinese investor in land deal

http://www.nma.tv/iceland-spurns-chinese-investor-land-deal/ Iceland's economy boomed in the run-up to the global financial crisis that started in 2008. Like the Vikings of yore, Icelandic banks carried off the riches from their neighboring countries. Instead of pillaging, they merely offered high-interest bank accounts. But once the crisis hit, Iceland's banking sector collapsed, plunging the ...