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Europe
Iceland sees signs of economic recovery
Government says promising growth figures and decreasing unemployment indicate recovery from financial collapse.
Last Modified: 25 Dec 2011 19:30

Iceland’s economy had collapsed at the end of 2008, when its three largest banks went bust and its currency plummeted in value.

Now after years of austerity, the government says things are improving with promising growth figures and a decreasing unemployment rate.

As Barnaby Phillips reports from Reykjavik, Iceland's capital, the country is even considering joining the eurozone.

Source:
Al Jazeera
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