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They did that? I never heard about it. That actually sounds like the responsible thing to do.
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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