April 27, 2013

‘Iceland proved there is a way of dealing with financial crisis in isolated country’

Iceland has been praised for its handling of the financial crisis, during which politicians allowed banks to fail, rather than bailing them out. Economic expert Margaret Bogenrief explained why in the case of the EU the solution is unlikely to help.

Iceland is ready to head to the polls for the country’s second presidential elections since the country’s 2008 banking collapse, and there are fears that those responsible could once again be voted into office. Read more + video.

RT

Related,
Vote for us – the politicians who bankrupted Iceland! - The Independent

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