“Everyone here is wondering where this will all end,” says Hilmar Petursson, CEO of Eve Online publisher CCP Games. He speaks to Edge from CCP’s headquarters in Iceland’s capital, Reykjavik, the city which has seen its financial foundations thrown into disarray in the space of five days.

On Monday, Iceland’s Prime Minister Geir Haarde gave a televised address to the nation, warning that the country is on the verge of bankruptcy. The government is now in control of Iceland’s three largest banks following its seizure of Kaupthing yesterday. Banking shares began to plummet on the Reykjavik stock exchange, forcing the Government to suspend trading.

With Iceland’s Krona seemingly in freefall, dropping 30% against the dollar in the past month alone, it’s understandable that Petursson has concerns for the staff at CCP. Fortunately his company is in healthier shape than the local businesses surrounding. “We have to do business with Icelandic banks here, of course, but we have offices in Shanghai, Atlanta and London as well. We are a global company, and our infrastructure is in place all around the world,” he says, “so we will not be affected by this credit crisis per se. The business rarely deals in Krona apart from for staff pay.”

Petursson adds that CCP has not been a part of the Iceland’s nascent trend of heavy borrowing from the national banks. “We have pretty much been profitable since we re-launched Eve Online, so our team is not affected, and our development is not affected.” Like his colleagues, he is understandably nervous with the nation’s financial position in general, but has assured his colleagues that their jobs are secure.

“I’m fortunate that CCP has hardly been affected by the economic crisis here. We now have to take advantage of our status as a global company and maintain our diversified banking relationships.” Petursson adds that the bi-annual expansion of Eve Online will be released in November as expected.