Iceland Forgives Mortgage Debt Of Its Population

[ UPDATE ~ Apparently this story is a hoax … ]

The government of Iceland has forgiven the mortgage debt for much of its population.

This nation chose a very different way of stopping the crisis from the rest of European countries.

It decided to hear the requests of the population and to put politicians and bankers on the bench of the accused

three years after their financial excesses

would sank one of the most prosperous economies in 2008.


Next Post

Chinese Economy Shows Slowest Growth In 3 Years

Sat Apr 14 , 2012
[youtube]6EAtsePBAJQ[/youtube] The Chinese economy had the slowest growth rate in more than 3 years, growing at just 8.1 percent during the first trimester of this year, compared with 8.9 percent growth for previous periods. .