Iceland
President Olafur Ragnar Grimsson tells Al Jazeera's Stephen Cole that Europe
should let banks that are ran "irresponsibly" go bankrupt.
Speaking at
the annual World Economic Forum in Davos, Grimsson also held his country as a
model of economic recovery after its near-collapse four years ago.
Related Articles:
IMF Says Bailouts Iceland-Style Hold Lessons in Crisis Times
Channel: Wanderer of the Skies - April 14, 2012
IMF Says Bailouts Iceland-Style Hold Lessons in Crisis Times
Channel: Wanderer of the Skies - April 14, 2012
“… Your nation of Iceland is being used as a testing ground for the rolling out of financial strategies for the betterment of your planet. It would be wise to follow their progress in this respect, as it will be the fate of all nations in a very brief period of time. We have always advised you that such an action would never come from the larger powers and nations of the world, but they will follow in lockstep once the actions begin their domino effect…..”
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