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  • Today, Ulfarvatn, a suburb  of Reykjavik is a ghost area. It was meant to become a fashionable inner city residential heaven with up to 4.000 people to build their homes there. Today they are hardly 200 people living in the area in a surrounding that hardly resemble a town. Most homes in fact are unfinished due to the sudden economic collapse of the country. Services such as medical, schooling, transport are non existent. Magnus and Drifa are among the very few people that managed to move in Ulfarsvatn.
    cinzia_icelandrecession-2.jpg
  • Demonstrators in a rally in Hyde Park, London in protest to the governments cuts which is hitting the public services such as National health services, education, child care and so forth. People find it unfair and immoral.
    NK2_3456.jpg
  • Nytjamarkadurinn is a second hand shop opened with the funding of Karleikurinn Church.The concept behind the opening of the store is to generate funds for the ABC children charity.
    cd_reykjavik_03.jpg
  • Many Icelanders have left Iceland to seek work abroad. Orn used to work at sea and he lost his job. He is now working in Oman.
    iceland_7024.jpg
  • Thousands of demonstrators take part in a rally in Reykjavik, capital of Iceland, calling on the government to resign for the national financial crisis, Nov. 2008. The government took control of the three largest banks, whilst the Icelandic economy remain in unprecedented instability.  The population has lost confidence and trust in the government. Many losing their life savings and jobs. The situation remains even more precarious due to the lack of international aid loans and trade shrinking. A banner on the Parliament wall says "Who has stolen the cookies with the dollar sign?"
    NK2_5113.jpeg
  • Thousands of demonstrators take part in a rally in Reykjavik, capital of Iceland, calling on the government to resign for the national financial crisis, Nov. 2008. Demonstrators in Parliament Square in Reykjavik.
    NK2_5152.jpg
  • Today, Ulfarvatn a suburb area of Reykjavik is a ghost town. This area was supposed to be a inner city heaven within a natural habitat. It has not connection with the rest of Reykjavik as there is no school, public transport, health. It was meant to house 4.000 people.Only 200 people have moved into the area. Most homes are not finished as people suddenly did not have any longer money. Magnus and Drifa are among the very people that is living in Ulfarsvatn.
    iceland_8427_.jpg
  • Every Saturday demonstrators from every part ot Iceland would go to  the city of Reykjavik in front of the Parliament staging a demonstration and demanding to have their money back.
    cinzia_icelandrecession.jpg
  • Icelanders are shopping in second hand shops. Something unheard of before the crisis. Many second hand shops have opened in Reykjavik. Godi Hirdirinn alias The Good Shepherd collects unwanted furnitures and bric a brac and sells it cheaply.
    cd_iceland_timeofchange_6235.jpg
  • Demonstrator outside the Icelandic  Parliament.
    Iceland
  • Following the economic downturn in Iceland many people found jobless from one day to another. Bing is an IT Consultant working for the Landsbanki in Iceland. Although in maternity leave she found herself with no job to go back.
    NK2_4934.jpg
  • The average wage for a worker in the publis sector is 484 Bulgarian Leva, 358 for the private sector. Most bulgarians live in poverty. Many are begging in the street.
    cd_sofia_0441.jpg
  • Following the economic crisis in Iceland, many Icelanders' homes have remained unfinished. Thus, the birth of suburbs like Ulfarsvatn that resemble a ghost town.
    iceland_recession_NK2_8337.jpg
  • Following the economic crisis in Iceland, many Icelanders' homes have remained unfinished. Thus, the birth of suburbs like Ulfarsvatn that resemble a ghost town.
    iceland_recession_NK2_8334.jpg
  • iceland_recession_NK2_8330.jpg
  • Following the economic crisis in Iceland, many Icelanders' homes have remained unfinished. Thus, the birth of suburbs like Ulfarsvatn that resemble a ghost town.
    iceland_recession_NK2_8342.jpg
  • Following the economic crisis in Iceland, many Icelanders' homes have remained unfinished. Thus, the birth of suburbs like Ulfarsvatn that resemble a ghost town. Signs that offer the houses to let for homes that are not finished yet. The suburb meant to be a very elegant area was meant to house around 4.000 people however only 200 people are living in the area.
    iceland_recession_NK2_8346.jpg