Iceland and the International Monetary Fund Intent. The conditionalities include details of Banking Sector restructuring, changes to Fiscal Policy including government austerity and changes to exchange rate policies. Following the global financial crisis in 2007-2008 Iceland's banking sector collapsed leading to wide ranging unemployment and a lessening of support for the Icelandic currency - the Icelandic Krona ISK. This was triggered by an insolvency of the private banking sector. The largest Icelandic banks had liabilities in excess of 80 percent of GDP . Iceland requested assistance from the IMF and from its Nordic partners in the Nordic Council. The goal of Iceland in this market intervention
The Natural History of Iceland The Natural History of Iceland The Natural History of Iceland () is a natural history of Iceland by Danish lawyer Niels Horrebow. It was first published in Danish in 1752 with an English translation in 1758. The book was intended to correct errors in past natural histories of Iceland, particularly the work of Hamburg mayor Johann Anderson, who had written about the island without ever actually visiting it. Anderson had relied entirely on accounts from German and Dutch sea captains, but Horrebow lived in Iceland for two years, studying the animals, plants, weather, and geological features. He also made note