Sentences with phrase «catastrophic banking collapse»

Three years ago, Iceland suffered a catastrophic banking collapse.

Not exact matches

And whilst Fianna Fail's vote had marginally recovered from their last general election collapse as a result of their own austerity policies and the catastrophic economic situation which saw the public pay the price for the bank bailouts, the population were clearly not returning in significant numbers, and on the contrary were turning against the right wing establishment parties.

But fishing, he says, is like the stock market — the crash of one or two species, or a hedge fund or mortgage bank, can trigger a catastrophic collapse of the entire system.