(Juhani Huopainen – Trading Floor)
In the last eruption, the total loss for airlines was EUR 1.3 billion – Any eruption would have knock-on effects for other industries
Just when we thought things could not get much worse in Europe. The Icelandic volcano Bárðarbunga is very likely about to erupt, according to news reports over the weekend. The time of the eruption or the magnitude of it cannot be predicted reliably, but the consensus seems to think that the longer the build-up continues, the larger the eventual eruption would be. Read more here.