I'm not sure what they expect. I don't necessarily agree with everything Iceland did(Thor would know what I mean), but you can't ignore the fact that they went from literally the worst hit country, or one of the worst, to pretty good growth and are most certainly back on their feet again.
That being said, I think Greece is in a worse position, but sadly they cannot seem to accept that they HAVE to cut, cut, cut almost everything to get back to normal again.
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