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Headlined to None 1/31/13

How did Iceland recover? Report from Davos

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In this three-minute interview, Iceland's President Olafur Ragnar Grimson explains that their recovery from the economic crisis was based on actions that went against the orthodox prescriptions--Let the banks fail, introduce currency controls, provide support for the poor, don't push austerity measures. Why are banks the 'holy churches of the economy?'

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Their Solution Was Simple by Dennis Kaiser on Friday, Feb 1, 2013 at 8:57:12 AM