[QODLink]
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
Topics in this article
Country
City
Featured on Al Jazeera
An innovative rehabilitation programme offers Danish fighters in Syria an escape route and help without prosecution.
Street tension between radical Muslims and Holland's hard right rises, as Islamic State anxiety grows.
Take an immersive look at the challenges facing the war-torn country as US troops begin their withdrawal.
Ministers and MPs caught on camera sleeping through important speeches have sparked criticism that they are not working.
Featured
About 500,000 participated around the globe in the Peoples Climate March, and Al Jazeera spoke to some in New York.
Separatist movements in Spain, Belgium and Italy may face headwinds following Scotland's decision to stay in the UK.
A fishing trawler carrying 500 migrants across the Mediterranean was rammed by another boat, causing hundreds to drown.
Anti-immigration Sweden Democrats party - with roots in the neo-Nazi movement - recently won 12.9 percent of the vote.
Palestinian doctor who lost three daughters in previous Gaza war is fighting to bring 100 wounded kids to Canada.