Yesterday was the third worst day ever for the Oslo Exchange, E24.no reports. Meanwhile, companies like the national pride StatoilHydro fell as much as 6,8 percent.
In Stockholm, the stock exchange dropped 7,1 percent, which is the worst since September 11 2001, E24.se reports. In Helsinki the situation was no better with a 8,4 percent drop.
In Iceland, the whole national economy now is on the verge of total collapse. The national government might now be force to take over practically the whole banking sector. However, that might be more than the little state could bear, thus putting the whole economy on the verge of bankruptcy.
God bless Iceland, PM Geir Haarde told the nation in a crisis speech last night.
