Iceland crisis

Icelanders heading back to the sea
October 20, 2008, 9:41 am
Filed under: Fish, Iceland | Tags: , ,

The bank crash has made the Icelanders focus back at the sea. Fishing has always been strong, with exports that used to account for almost all Icelandic export. Now it might increase the part of the nation’s income. With rising food prices in the world and continuing further innovation of creating ready meals has increased the value of fish.

The Wall Street journal has an article about the fisheries.

With shortage of foreign currency the fisheries will bring valuable currency back to Iceland, like it has in the past.