During the financial crisis everyone should have done what Iceland did... Let the banks fail and lock up those leaders who screwed over society and caused the mess... Iceland was able to bounce back well and without the government having to spend the insane amount other countries did.
They did that? I never heard about it. That actually sounds like the responsible thing to do.
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Yep! It was pretty wild at the time but yeah looking back it seems like everyone screwed up and they were the only ones to get it right
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Maybe if greece had followed suit, the euro wouldnt be struggling? Maybe it worked because iceland is a small island? Hhhmm...have to contemplate this further.
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Per capita GDP ranks 8th (nominal) and 14th (PPP) Its trading as well is pretty balanced with it barely importing more than it exports
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