Lars Christensen
Lars Christensen
Lars Christensenwas a Norwegian shipowner and whaling magnate with a keen interest in the exploration of Antarctica...
banks credit crisis global shut
Icelandic banks have effectively been shut out of global credit markets, and a credit crisis is just around the corner.
enjoy experience lay people standing themselves time
People want to have an experience when they take a shower. They want to enjoy themselves in a standing spa. But they don't have the time to lay in a whirlpool for a half-hour.
banks crisis domestic external financial force funding integral lending reduce risk sell squeeze
We see a substantial risk of a financial crisis as an integral part of an Icelandic 2006-2007 recession. The funding squeeze of the banks will probably force them to reduce lending to domestic players, and force a sell off of external assets.
bank central economy-and-economics positive
We're still concerned, however, about the imbalances in the economy, but it's positive that the central bank is reacting.