From The Guardian.
Iceland's decision two years ago to force bondholders to pay for the banking system's collapse appeared to pay off after official figures showed the country exited recession in the third quarter.
The Icelandic economy, which contracted for seven consecutive quarters until the summer, grew by 1.2% in the three months to the end of September...
Thursday, December 9, 2010
Iceland exits recession
Labels:
bond holders,
default,
iceland,
icelandic economy,
paul krugman,
recession,
recovery,
repayments
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment