Oct
13th
Mon
13th
Icelanders: Tell the World Your Story
According to this piece in IcelandReview, many people of Iceland have yet to face the new reality:
Then, there are those who say this will teach Icelanders a lesson, teach them to spend their money more wisely. One of the things that most surprised me when I first moved to Iceland was the way in which people spend and consume so casually.
However, judging by the number of customers that queued for the opening sales at new shopping mall Korputorg in Reykjavík last Saturday, or the customers in electronic store Elko walking out with huge flat screen TVs last weekend, it might be a while before the crisis really sinks in and people change their spending habits. After all, a report published by German market research company GfK GeoMarketing less than a year ago, ranked Iceland as having the sixth highest disposable income in Europe.
I guess this is why no Icelanders have sent in their stories yet. Young Icelanders: shame and denial can only keep the party going for so long. Send me your stories! The world needs to know that you are frightened, hungry and very, very bored.

