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 in an 1870 issue of "Notes and Queries": Although the contributor to "Notes and Queries" remarked that "Horrebow's chapter is ... not so ridiculous as generally supposed", the earlier English translation of the chapter is still much better-known. The phrase "snakes in Iceland" is listed in the "Oxford English Dictionary", where it is traced to the 1758 translation and defined as "something posited only to be dismissed as non-existent". 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