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How Iceland Achieved Economic Recovery by Jailing Bankers

vor 4 Jahren
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Iceland decided to let its banks go bust and prosecuted bankers as criminals during the financial crisis of 2008, taking a different approach than the US and Europe who fined banks, but let chief executives escape punishment. As a result, Iceland took a huge financial hit, but was able to achieve economic recovery 'without compromising its welfare model' of universal healthcare and education, according to the International Monetary Fund. We discuss the significance of Iceland's approach on the Lip News with Elliot Hill and Mark Sovel.

http://www.belfasttelegraph.co.uk/news/world-news/imf-data-shows-icelands-economy-recovered-after-it-imprisoned-bankers-and-let-banks-go-bust-instead-of-bailing-them-out-31292885.html

http://www.independent.co.uk/news/business/news/three-charts-that-show-icelands-economy-recovered-after-it-imprisoned-bankers-and-let-banks-go-bust--instead-of-bailing-them-out-10309503.html

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