In Iceland occurred a widespread banking crisis. Right in the first quarter of 2008, GDP of 1.5% reduction, reduced levels of Iceland the largest since 1983 until this point. Glitnir, Straumur Investment Bank, Reykjavík Savings Bank to suffer. Kaupthing, Landsbanki of this country suffered under the management of the financial supervision agency in the country.In early 2008, the Bank's credit rating of Ireland were reduced, making the Bank's share price slump this formidable, the stock price at the time of early March 2008 decreased to 99% in comparison with the peak price in 2007. In early 2009, Anglo Irish Bank was nationalised. Allied Irish Banks also suffered loss of stock status reviews and formidable to accept reforms to receive loans of government restructuring.
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