Iceland yakanga yarohwa zvikuru neGreat Recession iyo yakatanga muna December 2007, nekuda kwekukundikana kwehurongwa hwebhangi rayo uye dambudziko rehupfumi rakatevera. Kusati kwaitika kukundikana kwemabhangi matatu makuru munyika, Glitnir, Landsbanki neKaupthing, chikwereti chavo chakabatanidzwa chakapfuura kanenge kashanu zvakapetwa zvakapetwa zvehupfumi hwenyika ye € 14 bhiriyoni ($ 19 bhiriyoni). Muna Gumiguru 2008, paramende yeIceland yakapa mutemo wekukurumidzira kuderedza mhedzisiro yedambudziko remari. Financial Supervisory Authority yeIceland yakashandisa mvumo yakapihwa nemutemo wekukurumidzira kutora mashandiro epamba emabhangi makuru matatu. Vakuru veIceland, kusanganisira gavhuna webhangi repakati, Davíð Oddsson, vakataura kuti nyika yakanga isingadi kutora chero zvikwereti zvemabhangi ekunze kana zvinhu. Panzvimbo pezvo, mabhangi matsva akavambwa kuti atore mashandiro emabhangi ekare, uye mabhangi epamba epamba achamiswa Mubvunzo: Glitnir rudzii rwekambani?
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