Wednesday, January 29, 2014

Let Banks Fail Is Iceland Mantra as 2% Joblessness in Sight - Bloomberg

Let Banks Fail Is Iceland Mantra as 2% Joblessness in Sight - Bloomberg:

Iceland let its banks fail in 2008 because they proved too big to save.

Now, the island is finding crisis-management decisions made half a decade ago have put it on a trajectory that’s turned 2 percent unemployment into a realistic goal...