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Iceland refuses to honour international agreements
- Thread starter Debaser82
- Start date
Quote from LeeD:
try this link http://www.reuters.com/article/2011/07/19/us-greece-ratings-idUSTRE76I5M220110719
Quote from Martinghoul:
Are you sure that this is the same story zdreg was referring to? This one's about Greece mostly, as far as I can tell, and I am not sure what its relevance to Iceland is.
Quote from Martinghoul:
But then I'll have to wait for zdreg to tell me what the significance of this news for Iceland is.
http://online.wsj.com/article/BT-CO-20111123-711407.html
S&P Lifts Outlook On Iceland To Stable On Improving Fundamentals
S&P Lifts Outlook On Iceland To Stable On Improving Fundamentals
What a story!! Of course our oppressors with their MSM would not cover that, we might get ideas!!
Quote from Mvector:
I would love this - just like voting for Ron Paul tells the establishment left-right contolled oppostion game to;
FU** OFF!
Gave them the finger - and then got upgraded by S&P because they left their financial abusers in the dust.
This is the next shift in thinking.
Anyone is better off without their financial abusers.
I think it is important to reflect that all countries are different. Icelands route was successful because it had a coherent common populaiton without a lot of internal segmentation and more importantly it had a real economy with a production infrastructure in fishing industry and energy. There is no huge labor surplus or immigration issues. They needed to get back to production in the context of an existing infrastructure where existing production was sustaining but for the bank failures.
Ireland could model Iceland as it has a basis to return to production but for the government siezing the tar babay of the banks failures. This is the test case for the Iceland experiment...Iceland compared to Ireland.
Greece and Italy are entirely different. Greece has no productive basis to return to. Italy does not have the coherence that Iceland and Ireland have...its size also presents larger problems and its goverment dominence of the market is much more developed than in either Iceland or Ireland...so the adjustment from political government corruption as a way of life to return to the productive basis is much more difficult.
Ireland could model Iceland as it has a basis to return to production but for the government siezing the tar babay of the banks failures. This is the test case for the Iceland experiment...Iceland compared to Ireland.
Greece and Italy are entirely different. Greece has no productive basis to return to. Italy does not have the coherence that Iceland and Ireland have...its size also presents larger problems and its goverment dominence of the market is much more developed than in either Iceland or Ireland...so the adjustment from political government corruption as a way of life to return to the productive basis is much more difficult.
Iceland laughs at Europe again
http://www.nytimes.com/2013/04/16/business/global/16iht-iceland16.html
http://www.nytimes.com/2013/04/16/business/global/16iht-iceland16.html