Monday, July 09, 2012

Iceland Did It Their Way

Iceland’s Economy Is Mending Amid Europe’s Malaise | Coffee Party News | Scoop.it

...But during the crisis, the country did many things different from its European counterparts. It let its three largest banks fail, instead of bailing them out. It ensured that domestic depositors got their money back and gave debt relief to struggling homeowners and to businesses facing bankruptcy...

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