More people left Iceland in 2009 than in any year since 1887. Some of those who remain line up in charity food lines. A country can expect this after its economy becomes “zombulated” by unregulated financial institutions and a right-wing, laissez-faire government. In the words of current Prime Minister Johanna Sigurdardottir, “the ideology of an unregulated free market utterly failed.”
More:
“Icelandic government held culpable for crisis,” Elaine Byrne, Irish Times.
“Icelandic Report on Crash Pins Blame,” Leigh Phillips, Business Week.
“Iceland accused of negligence over bank crisis,” Andrew Ward, Financial Times.
“Could ‘negligent’ Iceland ex-ministers face jail?” IceNews.is
“Iceland Report Lashes Out At Government, Banks,” Brian Baxter, AmLawDaily.com
“Iceland government, regulators criticized,” Gudjon Helgason and Jane Wardell, AP via The Glode and Mail.
“‘Extreme negligence’ led to Iceland’s financial woes: probe,” By Rosa Brynjolfsdottir, AFP via The Vancouver Sun.
Image by Mike Licht. Download a copy here. Creative Commons license; credit Mike Licht, NotionsCapital.com
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Tags: deregulation, economic crisis, finanancial meltdown, financial crisis, free market, government, Iceland, regulation
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