Iceland was brought to the brink of bankruptcy when its biggest banks failed four years ago. Now, the site of the world’s most spectacular financial collapse is becoming a pioneer in banking reform.
“We’ve been burned by this and that’s why we have to look very closely at what we need to do to prevent it happening again,” Economy MinisterSteingrimur J. Sigfusson said in an interview. “Icelanders are more interested in taking greater steps than small steps when it comes to regulating banking.”
Max Keiser
Financial War Reports
Post-Crisis Iceland?
Pleas explain how iceland got past anything working with the imf?
from what i see there reinflating there existing problem with a basic ‘credit reset’
i read the imf report there are NO real reforms of any sort.