Leo Varadkar versus the World (5): Bloomberg, Stiglitz – Iceland Shows Ireland Did ‘Wrong Things’ Saving Banks


darth varadkar - as obama poster

Darth Varadkar: Steal This Image, please

Via the Irish Economy blogIceland Shows Ireland Did ‘Wrong Things’ Saving Banks.

Only another Nobel prize winner has weighed in against the vast economic intelligence of Varadkar – Joseph Stiglitz:

“Iceland did the right thing by making sure its payment systems continued to function while creditors, not the taxpayers, shouldered the losses of banks,” says Nobel laureate Joseph Stiglitz, an economics professor at Columbia University in New York. “Ireland’s done all the wrong things, on the other hand. That’s probably the worst model.”

Read more. Or if it’s Varadkar, maybe someone will rewrite it with smaller words.

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This entry was posted in Accountability, Bankers' Bailout, Budget, Debt Default/Restructuring, ECB/IMF, Economy, Elections, Euro / Sovereign Money, Ideology, ireland, Leo Varadkar versus the World, Solutions and tagged , , , . Bookmark the permalink.

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