Iceland fared better than us by letting its banks fail

Brussels : Belgium | Jan 01, 2012 at 9:53 PM PST

Source: Independent

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Ireland or Latvia when the three countries' economies collapsed in 2007 because the Reykjavik government allowed banks to fail, according to a new report by the influential Bruegel think tank. The report by economist Zsolt Darvas looked at the response of the three small and open economies. FULL ARTICLE AT Independent

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