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Iceland's Recovery Continues, Declared 'Impressive'
Sarah
Registered User
User ID: 114737
08-28-2012 03:03 AM

Posts: 7,281



Post: #1
teach Iceland's Recovery Continues, Declared 'Impressive'
Iceland’s recovery continues, declared ‘impressive’

Posted on22 August 2012. Tags: Christine Lagarde, Iceland, Iceland Economy, Iceland recovery

Experts continue to praise Iceland’s recovery success after the country’s bank bailouts of 2008.

Unlike the US and several countries in the eurozone, Iceland allowed its banking system to fail in the global economic downturn and put the burden on the industry’s creditors rather than taxpayers.

In the following years, the Icelandic government made drastic cuts that reduced the fiscal deficit from 14 percent of GDP to just two percent. At the same time, unemployment in Iceland has shrunk to less than five percent, while analysts predict the North Atlantic economy to grow some 2.8 percent by the end of 2012, according to recent reports.

continued

Read more: http://www.icenews.is/index.php/2012/08/...z24nXtkfJu
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GREY LENSMAN staff
Blue Crystal Storm
User ID: 117097
08-28-2012 07:31 AM

Posts: 10,649



Post: #2
RE: Iceland's Recovery Continues, Declared 'Impressive'
JUST FOLLOW THE RULES

IF YOU SCREW UP, GET YOUR MARKET WRONG, YOUR COSTS WRONG, YOUR PRODUCT WRONG

YOU GO BUST, TO THE WALL, NOT BAILED OUT.

GL

The full force of Natural and Common Law shall be applicable at all times in all places and cannot be annulled by the declaration of emergency, war or other device by any State or entity.


[email protected]
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Chaos Pimp

User ID: 13922
08-28-2012 08:19 AM

Posts: 1,119



Post: #3
RE: Iceland's Recovery Continues, Declared 'Impressive'
So, we can move to Iceland when the collapse comes?

Is it easy to immigrate there?

Srjceahd

Pmqgpgfh Pimp the Chaos! [Image: pink.jpg]
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LoP Guest
lop guest
User ID: 114101
08-28-2012 12:18 PM

 



Post: #4
RE: Iceland's Recovery Continues, Declared 'Impressive'
More money floating around when you don't gamble and forced to pay the VIG
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