Saturday, April 09, 2011

Iceland Stands Up To The Bankers

While countries like the USA, Ireland, and Portugal immediately roll over and bail out the bankers at taxpayer expense, Iceland voters are again standing up to the bankers.

"No" vote ahead in Iceland debt deal referendum
The "no" vote was ahead in early returns on Sunday in Iceland's referendum on a plan to repay Britain and the Netherlands $5 billion from a bank crash, a deal that is seen as key to Iceland's swift economic recovery.


Despite what Reuters says about hindering a swift economic recovery, Iceland is setting up to be one of the first, and maybe the strongest economies in the next few years.

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