How did Iceland recover? Report from DavosQuicklink submitted by Scott Baker Permalink
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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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