I’ve heard of bank runs, but never a food run

Panic over the state of the Icelandic economy has reached the point where people are hoarding food. I’ve joked about stocking canned goods and ammunition amid continued bleak economic data but never dreamed anything resembling thiswould develop in a rich nation.

Amid reports of panic buying at Icelandic foodstores Iceland’s central bank governor David Oddsson said the central bank had enough reserves to cover the cost of all imports for eight to nine months, a stronger buffer than it had had in the past.