Articles by Heather, Crooks and Liars
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US Should Be Following Iceland’s Model in Dealing with the Financial Crisis
Heather, Crooks and Liars – TRANSCEND Media Service,
19 Jun 2012
Icelanders who pelted parliament with rocks in 2009 demanding their leaders and bankers answer for the country’s economic and financial collapse are reaping the benefits of their anger. Since the end of 2008, the island’s banks have forgiven loans equivalent to 13 percent of gross domestic product, easing the debt burdens of more than a quarter of the population, according to a report published this month by the Icelandic Financial Services Association. So does the story end there?
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