Iceland is experiencing an economic nightmare due to the global instability in the financial markets.  Their currency, the krona, has dropped 45% against the euro and according to their prime minister; Geir Haarde, the country may be on the verge of a “national bankruptcy.”  In the trailing 12 months the krona has been listed as one of the top three under performing currencies along with the Zimbabwean dollar and Turkmenistan manat.