icesave
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Why Iceland Voted ‘No” to the Diktats of the Creditor Banks
About 75% of Iceland’s voters turned out on Saturday to reject the Social Democratic-Green government’s proposal to pay $5.2 billion to the British and Dutch bank insurance agencies for the Landsbanki-Icesave collapse. Every one of Iceland’s six electoral districts voted in the ‘No’ column – by a national margin of 60% (down from 93% in… Continue reading
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The Economic Crisis in Iceland: “IMF Medicine” is not the Solution By Prof. Michael Hudson
The dream was the neoliberal promise that running to debt was the way to get rich. Nobody at the time anticipated that taking private (and indeed, fraudulent) bank losses onto the public balance sheet would become the theme dividing Europe over the coming year, dividing European politics and even threaten to break up the Eurozone. Continue reading
The New Dark Age 