• It has come to our attention that some users may have been "banned" when they tried to change their passwords after the site was hacked due to a glitch in the old vBulletin software. This would have occurred around the end of February and does not apply after the site was converted to Xenforo. If you believe you were affected by this, please contact a staff member or use the Contact us link at the bottom of any forum page.

It seems Iceland's crisis is generally considered to be over


Status
Not open for further replies.

DuineEile

Well-known member
Joined
Aug 29, 2010
Messages
14,939
2008

You will note that this Wikipedia page is written almost entirely in the past tense. Iceland told the creditors' of its private banks to get stuffed, and is now bank raising bank finance, growing strongly, importing workers in some sectors, and generally getting on with things.

Is the Icelandic crisis now substantially over?
 

Trainwreck

Well-known member
Joined
Sep 6, 2012
Messages
26,809
It contintues to have significant economic challenges, but they have mostly addressed the ones that still shackle us an still threaten another crisis.

It is fair to say that they made mostly correct economic policy decisions. We made mostly wrong ones.
 

seabhcan

Well-known member
Joined
Sep 3, 2007
Messages
14,327
Analysis: Icelanders question their lauded economic recovery | Reuters

A more up to date article:

The International Monetary Fund had originally forecast annual growth of around 4.5 percent from 2011-2013. It now is under half that.

"Recovery? We're on the road to nowhere," said Vilhjalmur Egilsson, head of the Confederation of Icelandic Employers.

...

CCP, which makes the popular Eve computer game, made around $65 million in 2011. It employs some 500 people globally from Shanghai to Newcastle, more than half of which are in Iceland.

But capital controls imposed after the crisis, making it difficult to buy foreign currency, means financing is hard, as well as getting skilled workers to come to this volcanic island when repatriating savings is nearly impossible.
 

seabhcan

Well-known member
Joined
Sep 3, 2007
Messages
14,327
It contintues to have significant economic challenges, but they have mostly addressed the ones that still shackle us an still threaten another crisis.

It is fair to say that they made mostly correct economic policy decisions. We made mostly wrong ones.
Thats not fair at all. We many options open to the Icelanders were not open to us - a country 16 times larger.
 
Status
Not open for further replies.
Top