More fun facts about #Iceland, this time from @NYTimesKrugman.
Related posts:
- Nobel laureate Joe Stiglitz: Iceland was right to jail the bankers
- Of course it helps to be sitting on top of a geyser farm
- Iceland was the only European country that dared to default on the bankers
- Iceland Erects Middle Finger, Wins in [Market-Ticker]
- Iceland’s approach to dealing with the meltdown has put the needs of its population ahead of the markets at every turn
Iceland’s approach to dealing with the meltdown has put the needs of its population ahead of the markets at every turn. Once it became clear back in October 2008 that the island’s banks were beyond saving, the government stepped in, ring-fenced the domestic accounts, and left international creditors in the lurch.
Icelandic Anger Brings Debt Forgiveness - Bloomberg
(h/t Brad Fraser)
Source: bloomberg.com