26.11.2012, 17:05
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#1 |
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Administrator
Join Date: 08.03.2005
Posts: 3,153
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Interview with Iceland's Economy Minister: 'We Reacted Immediately to Symptoms of Cri
In late 2008 and early 2009, all three of Iceland's major banks collapsed amid the financial crisis. Now, the country is experiencing economic growth once again and unemployment is falling. Economy Minister Steingrimur Sigfusson explains to SPIEGEL how it was done.
http://www.spiegel.de/international/...-a-869351.html |
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27.11.2012, 15:39
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#2 |
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Join Date: 15.11.2012
Posts: 4
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Icelands Debt
How much do the Icelandic banks owe as a result of loaning money to investors who plundered European countries buying out and buying up good businesses which subsequently failed along with their banking/financial institution. How much, in the dollar, did they repay to those who had deposits in those banks. Greek should be allowed to get such great terms of debt restructuring. Iceland has no greater manufacturing, or service industry capacity, with which to recover, than has Greece-unlike Italy,Spain, and France.
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29.11.2012, 11:16
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#3 |
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Benutzer
Join Date: 30.05.2006
Posts: 1,524
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Iceland's recovery has been a miracle given it's situation at the end for the world where the climate is harsh and therefore almost everything must be imported. Is fishing so lucrative? I can't believe it. Unfortunately, you don't find much how they had managed it in the media.
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