Iceland and Denmark and the bubble burst

Last year I had visitors from Denmark. Iceland as a country is pretty cosy with Denmark.




One of the Danish visitors was telling me that in the past 2 years Iceland's financial Institutions,banks and big businessmen were buying into Danish businesses, retail organisations, properties etc. at disproportionately high prices. Even businesses which were not doing well were snapped up by the Icelanders. Even the man in the street was aware that this bubble would burst and these Iceland FIIs would go bust.


If the aam aadmi was apprehensive how come responsible organisations like the Iceland Govt. or these FII were caught napping? Well.. the public have reasons to vent their anger on the streets.