What about Iceland?

Why Iceland Should Be in the News, But Is Not

quote:

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Stryker:

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The people of Greece have been told that the privatization of their public sector is the only solution. And those of Italy, Spain and Portugal are facing the same threat.

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They should look to Iceland. Refusing to bow to foreign interests, that small country stated loud and clear that the people are sovereign.

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That’s why it is not in the news anymore.

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What is true? What does it mean?What can we learn?JonEdited by Jon, : No reason given.

The elephant in the room is obviously that Iceland is an extremely small country. I think it would be problematic to transfer what is happening there, to countries of a more "normal" size and population.

What are the article's author's answers to these questions?
What are your answers to these questions?

Unlike Italy, Spain, Portugal and Greece, Iceland controls its own currency, and was thus free to let it slide dramatically against other currencies. That hurt, but it got them past the crisis. Euro countries can't do that.

Well, they can, they just have to all agree to do it. The problem is that Germany and France don't want to experience the potential currency devaluation that would help Italy and Greece, and the central bankers that run the Eurozone are primarily from those nations.The emerging problem with the world - and the US is no exception, here - is that we've separated the power necessary to solve problems from the responsibility to actually solve them. Obstruction rules the day.

I can hear Buzz noting this all down as fullfulled prophecy.Edited by Larni, : No reason given.