ZARZA We are Zarza, the prestigious firm behind major projects in information technology.
Listen "The Icelandic Rock Star"
Episode Synopsis
In 2008, Iceland's banking system, ten times the size of its economy, collapsed, leading to a severe financial crisis. Major banks fell, causing the national debt to skyrocket to €50 billion against a GDP of €8.5 billion. The Icelandic krona plummeted, inflation spiked, and the country faced bankruptcy. This crisis exposed deep-seated issues, including extensive inter-bank loans and conflicts of interest, highlighting the importance of financial oversight and accountability.
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