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Poor Iceland
Suburban Guerrilla —
They can’t even afford to import food these days and are on the verge of bankruptcy.
Slow morning
The Sideshow —
... "How did Iceland go bankrupt?: The small and hitherto very prosperous nation of Iceland seems likely to go bankrupt. At the moment they don't have even enough foreign exchange to import food (which they can't grow themselves), and because Icelandic banks have defaulted on British depositors, Britain has rather ludicrously declared Iceland to be a terrorist nation. The future is uncertain, but it seems sure that every Icelander will see a big decline in their standard of living, and that includes many who never really profited from the recent boom." ...
We're all Icelanders now
Corrente —
Seeing the Forest has a nice compendium of Conservative triumphalism on the glorious financial de-regulation of Iceland. But here’s his lead:
The future is uncertain, but it seems sure that every Icelander will see a big decline in their standard of living, and that includes many who never really profited from the recent boom.
Funny how that works out. And here’s STF’s conclusion (quoting The Canadian):
What is somewhat incredible [why?] is the apparent lack of remorse or ...
