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ICELAND'S Economy now growing FASTER than the U.S. and EU after arresting corrupt bankers
Ms Sans Serif
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[quote:Anonymous Coward 1544773:MV8yMDEzMTYyXzMzODMwMDAwXzdFNEMyNzk1] You can't really compare US economy with Iceland's economy. US is a flagship of the world, like it or not, and Iceland is one of the tiniest fractions. It doesn't mean they can't do well but blindly use the same methods on scale of US is idiotic to say the least. [/quote]
Remember when the United States government told the American people that immediate action was required to save the banks, and save our nation from complete collapse? An action in the form of Billions of dollars of National Debt? Yeah, we remember that! Now Trillions of dollars in National debt later, we are in the same position we were in 4 years ago, just more debt. As a matter of fact Federal Reserve Chairmen Ben Bernanke has called for yet another stimulus that will add more debt onto the mountain we already have.
At the start of the world wide 2008 economic collapse, Iceland was in worse shape than almost any other country in the world. Now they are one of the fastest growing economies in the world.
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