Iceland - Economics Students Society of Australia

Iceland

A collection of 3 posts

What you need to know about the Panama Papers

What you need to know about the Panama Papers

Offshoring Before I explain what the Panama Papers are, there is one critical thing you have to understand: offshoring. Simply put, offshoring, in this context, means owning a shell company (a non-trading company used as a financial vehicle) that, legally, is based in a foreign country. There are many legitimate

The Icelandic pandemic

The Icelandic pandemic

Upon hearing the word ‘Iceland’ many thoughts come to the minds of foreigners. The exclusive department stores, the stunningly beautiful people and possibly even the torrential weather. But one commonly held stereotype, that Iceland possesses a highly efficient and profitable banking system, has continued to overshadow all others in the

Debunking of Iceland’s Economic Recovery

Debunking of Iceland’s Economic Recovery

If we remember back to the days of the global financial crisis, one of the earliest and hardest hit countries in the European area was Iceland. Iceland was also the only country which made the fateful decision to not bailout the three largest banks in their country. This was not