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Old 11-25-2011, 04:47 PM   #18
zuluking
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Join Date: Sep 2003
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Quote:
Originally Posted by Itse View Post
Those consequences would be: moderately good economic recovery, declining unemployment, and as IMF says, and I quote:

http://www.imf.org/external/pubs/ft/...CAR110311A.htm

And to end that article:
Basicly, right now Icelanders can basicly say "suck it, rest of the world, we know what we're doing."

Or to quote a Nobel Prize winner in economics, professor Joseph Stiglitz


Also, for those who question why bother with income inequality issues (ref. occupy-movement); from the same article:
Also from the article about the economic recovery of a country with 300,000 people...

Key to Iceland’s recovery has been an IMF-supported program worth $2.1 billion that ended in August this year.

...and another $2.5bn of loans and currency swaps from Norway, Sweden, Finland and Denmark.

Sweeeeet!! Suck it rest of the world, indeed!
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