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In European Crisis, Iceland Emerges as an Island of Recovery

Wall Street Journal Original article ›

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The remarkable recovery in Iceland after devaluation of the currency and a whole range of steps taken by the government to support those affected hardest by the recession. A recovery in exports and letting banks fail- not letting the burden fall on the government and taxpayers as in Ireland- also helped ease the path to recovery. Iceland is making repayments to the IMF ahead of schedule and is able to borrow on international markets.

Iceland's economy

09/04/2011

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In European Crisis, Iceland Emerges as an Island of Recovery

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Thin line between academia, consulting and lobbying

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The practice of professors from presitigious universities offering their consulting services and credibility when it was clearly not right to do so. Libya is one example. Iceland and situations involving banking regulation are others.

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In European Crisis, Iceland Emerges as an Island of Recovery

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