Only a year ago, savers from Europe were pouring money into Icelandic banks, looking to capitalise on high interest rates. Now the banks are bust and the nation’s identity is shaken. On page 19 Monocle travels to Reykjavik…

The collapse of Iceland’s banks is sending shock waves through the nation. Job losses and mortgage increases are common complaints on the streets of Reykjavik. But though the mood is bleak, some creative Icelanders are…