on Iceland, Ireland, and Latvia
via TVR:
Iceland fared better by letting banks fail
by Thomas Molloy of Irish Independent:
Iceland pursued better policies than Ireland or Latvia when the three countries’ economies collapsed in 2007 because the Reykjavik government allowed banks to fail, according to a new report by the influential Bruegel think tank.
The report by economist Zsolt Darvas looked at the response of the three small and open economies. The three countries all initially
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