What We Can Learn From Iceland


“For all the fearmongering we hear out of our politicians
about how heaven forbid we’re going to turn into Greece,
the one country you never hear them talk about any more
is Iceland.
The reason they don’t
is that after -their- financial crisis
Iceland took a different path

from that of the United States.
Iceland nationalized the banks,
threw some of the people responsible for the crash in jail
and bailed out the homeowners
instead of worrying about only bailing out the banks.
And now they’re coming back
and their economy is growing again…”

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New Democracy win a hollow victory as majority of Greeks reject austerity and underlying problems remain unsolved [youtube]neRvn6vAe4o[/youtube]

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