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hack89

(39,181 posts)

2. Iceland accepted IMF austerity measures in exchange for billions of dollars.

Reply to WingDinger (Original post)

Tue May 8, 2012, 10:52 AM

May 2012

I don't know where this Iceland nonsense is coming from but their situation was drastically different then Greece's. For one thing, what triggered their crisis was domestic banks not massive sovereign debt like Greece. Iceland actually had the money to service their debt unlike Greece.

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Question: Did the Greeced PIGS take their cue from Iceland? [View all] WingDinger May 2012 OP

I'm a bit confused by the title of your post enlightenment May 2012 #1

Pigs, are portugal, Ireland, Greece and Spain. commonly referred to as PIGS. WingDinger May 2012 #4

Thank you. enlightenment May 2012 #7

Iceland accepted IMF austerity measures in exchange for billions of dollars. hack89 May 2012 #2

You are mixing apples and oranges. former9thward May 2012 #3

So then, Greece/France will get the credit for bucking the system? WingDinger May 2012 #5

It depends on the results. former9thward May 2012 #6

One thing is sure edhopper May 2012 #8