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)And don't forget the dire predictions for Iceland when they were in the middle of the turmoil and leaning towards not bailing out the banks. I read all kinds of predictions that they would 'be cut off from the world' and 'would not recover'. I wasn't sure at the time, but now we know. Glad they had the courage to do what was RIGHT, rather than cave in to fear.
I think if you do what is right you rarely go wrong. The Banks here should have been nationalized also. It was a travesty that they were handed so much money without any oversight basically, and it's only now we are finding out where some of that money went.
In Europe they just keep bailing out the banks, claiming each time that it will work.
But it has not, not for the people anyhow, and not here either. The standard of living here has gone way down, unemployment makes it more than likely that wages will go down as people become more desperate for work. And that is another benefit for Global Corps.