Forum Home
PC World Chat
 
Thread ID: 103964 2009-10-12 06:47:00 Iceland wants to 'serve' the world - with computer servers Misty (368) PC World Chat
Post ID Timestamp Content User
819712 2009-10-12 19:36:00 I wouldn't trust Iceland after their banking fiasco.

Can't judge them by that. There was a financial melt down world wide. Iceland's entire economy was almost entirely based on banking, so they took it the hardest.

With that logic whatever happened with Madoff, Enron, etc would make you want to stay well clear of America and whatever it does too.
Cato (6936)
819713 2009-10-12 19:40:00 No I would stay clear of if the return is too good to be true its a rort and companies which are overgeared.
The Iceland economy is based on fish and tourism you cant base an economy on banking.
prefect (6291)
819714 2009-10-12 19:55:00 See here
en.wikipedia.org
convair (13650)
819715 2009-10-12 19:57:00 The Iceland economy is based on fish and tourism you cant base an economy on banking.

What about the likes of Singapore and Hong Kong then?
Cato (6936)
819716 2009-10-12 20:00:00 Singapore and Hong Kong are manufacturing centres with tourism a big earner.
Joe peasant in the street gets no economic benefit from having a bank in his city.
prefect (6291)
819717 2009-10-12 22:40:00 See here
en.wikipedia.org
Ok if it is wiki it must be true (Next tui billboard) like the government of Iceland isnt involved in editing the Iceland page.
prefect (6291)
819718 2009-10-13 09:17:00 What about the likes of Singapore and Hong Kong then?

Also very major ports along with what prefect said.
beeswax34 (63)
1 2