dinsdag 14 oktober 2008

Financial crisis strikes again

Powerless we watch how the financial crisis plays an endless game of dominoes, with Iceland one of the already fallen pieces. Iceland’s economy never has had it easy, less than 30 cents of every loan issued was backed by deposits and household debts have been raising to 213% of disposable income. With help of the government they tried to stabilise the economy by earning foreign deposits and raising interest rates, but the financial crisis made it crash down, leaving huge debts and panic behind. Iceland may be a small country, but its economy is facing a huge financial crisis, that just keeps on playing dominoes and drags other countries with it.

Stefanie De Mesure

http://www.economist.com/finance/displaystory.cfm?story_id=12382011

1 opmerking:

Steff zei

OK. But why not mention Iceland in title? Good first sentence! Watch out for unclear use of pronouns.
Details:
has never had (word order!)
'have been RISING'
who are 'they'? Not clear!
'earning'? Better: 'attracting'?
made --> HAS made
what is 'it'? Not clear!
crash, not crash down
no comma before 'that'
drag DOWN