Reykjavik-on-Thames

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

Basket case Britain 2009

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 2009

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 2008

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

Sterling slip-slides away 2008

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

Wall Street Folly 2009

"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 2009

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

FP Passport 2009

"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 2009

"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 2009

"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 2009