2016 Postmortem
In reply to the discussion: Why have we heard nothing about this incredibly important development in Iceland? News black-out?!? [View all]sabrina 1
(62,325 posts)scared people into thinking that if they did not bail out the criminals, we would face disaster. Iceland proved them wrong so that is why we rarely hear about their success. They are now the only country on the rebound in Europe. All those who fell for the 'Austerity' policies are a disaster.
Austerity means taking care of the Banks at the expense of the People. Some now in Europe are calling it 'treason' as so many countries are now debt slaves to the IMF and the Banks.
However, the people in France, Greece, Spain, Portugal, Ireland did not agree with those polices, but they were ignored by their governments. Sarkozy is now gone and Greece has rejected their government's policies also.
But it may be too late for them to do what Iceland did. Otoh, if they continue to be ruled by the Banks it can't be much worse to take the risk. Iceland was predicted to be a disaster also, but that didn't happen.