The Story of Iceland
Its a long one, but a good one, read on: By CHARLES FORELLE REYKJAVIK, Iceland -- A boy charged to the front of an angry crowd here recently and tossed a carton of skyr , a popular local yogurt-like snack, at the Parliament building. It splattered on the rough-hewn stone. He and thousands of Icelanders were protesting one of the strangest economic failures of the global financial crisis. This past fall, every bank that matters in this tiny nation -- that is, all three of them -- failed. Iceland's currency, the krona, became worthless beyond its shores. The country's financial system stopped working. "We are pissed off at the government," said one young man, pausing between fusillades of eggs. A roll of toilet paper arced across the Nordic sky. Voices of Anger, Shame in Iceland View Slideshow Halldor Kolbeins/AFP/Getty Images In the whipping wind, a woman held a cardboard with a screaming mouth on Nov. 21. Iceland is an extreme casualty of an era in which it became...