Iceland President: Let Banks Go Bankrupt
EUROPE, CAPITALISM, JUSTICE, ECONOMICS, SHORT VIDEO CLIPS, 4 Feb 2013
Al Jazeera – TRANSCEND Media Service
Iceland President Olafur Ragnar Grimsson tells Al Jazeera’s Stephen Cole that Europe should let banks that are ran “irresponsibly” go bankrupt.
Speaking at the annual World Economic Forum in Davos, Grimsson also held his country as a model of economic recovery after its near-collapse four years ago. “We didn’t follow the traditional prevailing orthodoxies. And the end result four years later is that Iceland is enjoying progress and recovery.”
httpv://www.youtube.com/watch?v=CTljJA_0Y6Y
This article originally appeared on Transcend Media Service (TMS) on 4 Feb 2013.
Anticopyright: Editorials and articles originated on TMS may be freely reprinted, disseminated, translated and used as background material, provided an acknowledgement and link to the source, TMS: Iceland President: Let Banks Go Bankrupt, is included. Thank you.
If you enjoyed this article, please donate to TMS to join the growing list of TMS Supporters.
This work is licensed under a CC BY-NC 4.0 License.
Read more
Click here to go to the current weekly digest or pick another article:
EUROPE:
- Macron Calls for Arms Embargo against Israel
- Assange: ‘My Naivete Was Believing in the Law, I’m Free Because I Pled Guilty to Journalism’
- Assange to Testify at Council of Europe
CAPITALISM:
- Companies Profiting from the Gaza Genocide
- The Undemocratic Reality of Capitalism
- The Landmark Ruling against Chiquita Exposes the Failure of Voluntary “Corporate Social Responsibility”
JUSTICE:
- South Africa Files 750 Pages of 'Overwhelming' Evidence in ICJ Genocide Case against Israel
- Rethinking International Law after Gaza: A Symposium and a Call to Action
- Update on Julian Assange and Our Campaign for His Pardon
ECONOMICS:
- China's Economic Success in Face of Growing U.S., EU Protectionism
- The IMF and World Bank Talk “Good Governance” but Walk with Corrupt Governments
- How People Are Fighting the World’s Reliance on the War Economy
SHORT VIDEO CLIPS: