Icelandic Krona Crashes As Wow Air Bankruptcy Triggers Recession

May 23,2019 13:29   Source:Earnforex
The Icelandic krona is continuing its slide against a basket of currencies midweek as the bankruptcy of a budget airline has triggered a recession, prompting the central bank to spring into action. The latest financial crisis comes roughly a decade since the island nation was on the brink of insolvency following the collapse of several major banks that contributed to the global catastrophe. Wow Air, the nation’s budget airline, recently filed for bankruptcy. Joining a plethora of other European […]

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