Tags: iceland

Iceland’s Economic Recovery not Caused by Austerity

April 2nd, 2015
in Op Ed

The ongoing economic recovery in Iceland started already in 2010. The economic crisis (=recession), as you can see in the chart below, started in about 2007. Only 3 years and a loss of GDP of roughly 10% later, the economy started growing again. Look, however, at the amount more »

‘So Long, and Thanks for All the Fish’, says Iceland

March 24th, 2015
in Op Ed

Iceland has withdrawn its bid to access the European Union last week, as Deutsche Welle reports: One of the main challenges for countries like Norway and Iceland in joining the EU is the Common Fisheries Policy. For nations like these, where fishing is a significant industry more »

Why Has Iceland Withdrawn EU Bid?

February 25th, 2014
in Op Ed

Iceland last week officially withdrew its accession bid to the European Union. Joining the EU would have meant joining the euro, as the EU itself says: Who can join and when? more »

Iceland: Independent of Eurozone Debt Slavery

October 5th, 2013
in Op Ed, syndication

by Dirk Ehnts, Econoblog101 Iceland is not one of the EU-17 (aka the Eurozone), the group of countries using the euro common currency.  As a result the malfeasance of bankers has not rained down on the citizens of that country converting them to slaves… more »

Should European Nations Repudiate the Debt?

June 14th, 2011
in Op Ed

It is becoming increasingly clear that the global economy (at least in the West) is heading for a steep downturn. Almost all the US data coming out in recent days have been bad. The UK and Japan are in austerity mode, with predictable results. Worst of all is Euroland. It has imposed severe austerity—the modern day equivalent of Medieval blood-letting—on its periphery nations. These nations are loaded with debt. In the case of Ireland, which had been a model of a Neoliberal utopia, the government got into debt by taking over its banks’ debts. In an unfathomable act of charity, this was done only to save French and German banks—which held the unserviceable and unguaranteed Irish bank debt. more »

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