Olafur Ragnar Grimsson Iceland president ‘Let banks go bankrupt’ ………….
The Pain in Spain By CONN HALLINAN When the current economic crisis hit Europe in 2008, small countries on the periphery were its first victims: Iceland, Ireland, and Latvia. Within a year it had spread to Greece and Portugal, though the GDP of both nations—respectively 11th and 12th in the European Union (EU)—are hardly […]
About as good an analysis, by the incomparable Michael Hudson, of conditions leading to Iceland's refreshingly sane vote can be found here, in full. A big fat middle finger to neoliberalism and it's governmental bag-and-bucket-men for capital, from across the political spectrum including Iceland's —oh, my—Social Democratic-Green coalition government. Why Iceland Voted "No" By Michael Hudson (the […]