Reykjavik-on-Thames

Definitions

A rich vein of gold and silver discovered in 1859 at Virginia City in western Nevada. Because of wasteful mining techniques, it was largely abandoned by 1898.

Sorry, no etymologies found.

And the New York Times isn't the only prominent American voice to raise the spectre of Reykjavik-on-Thames today.

Basket case Britain
With the pound at a multidecade low and British banks requiring ever-larger injections of taxpayer cash, it is no wonder that observers have started to refer to London as 'Reykjavik-on-Thames.'

Basket case Britain
Well, not quite, but the Reykjavik-on-Thames scenario - while still very unlikely - is becoming vivid enough to cause alarm.

Sterling slip-slides away
But the alternative explanation -- that sterling is a victim of "Hedge Fund Britain," with London cast as "Reykjavik-on-Thames" -- doesn't really work either.

Hedge Fund Britain
London taking this Reykjavik-on-Thames thing a bit too far

FP Passport
"You need to make sure that the U.K. is Reykjavik-on-Thames before you bet against the pound." ....

Wall Street Folly
"The Next Iceland", Britain's economic malaise has gotten so bad that people are starting to refer to London as "Reykjavik-on-Thames."

FP Passport
London won itself a new and unenviable nickname: Reykjavik-on-Thames.

The Guardian World News
How likely is a sterling crisis, or is London really Reykjavik-on-Thames?

Paul Kedrosky's Infectious Greed
FT. com | Willem Buiter's Maverecon | How likely is a sterling crisis, or is London really Reykjavik-on-Thames?

DRUGI DOM