Tag Archives: iceland

What would happen if Ireland left the Euro?


Emmett O’Connell – The Consequences of Monetary Union (1972); The Economist – Coming In From The Cold, Lessons from Iceland: … the extra cost to a country of not standing by its banks can be surprisingly small… the benefits to … Continue reading

Posted in ECB/IMF, Economy, EU, Euro / Sovereign Money, iceland, Independence/Nationalism, ireland, Solutions | Tagged , , , , , , , | Leave a comment

UPDATE: Two Thirds of Icelanders & Italians [& Norwegians] in favour of independence from EU (TEAMeurope.info)


TEAMeurope.info – Two of three Italians want to leave the EU: In Italy EU membership has always been seen as the natural thing, the thing that nobody questions. But as the economic crisis threatens Italy, the opinion is changing. A … Continue reading

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Quotable Quotes: “A bail-out is not possible and will not exist”


The euro has been a rock of stability, as illustrated by the contrasting fortunes of Iceland and Ireland. Richard Corbett, former British Labour Party MEP, 2009. Solidarity is possible, [and] will exist. A bail-out is not possible and will not … Continue reading

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“The European Union and the International Monetary Fund should learn from Iceland’s example”: New York Times editorial


From a New York Times editorial – Iceland’s Way: In the go-go years leading up to the financial crisis, Iceland’s banks were hugely irresponsible, luring foreign depositors with high interest rates and putting the money into risky loans. When Iceland’s … Continue reading

Posted in Bankers' Bailout, Civil Rights & Liberties, Debt Default/Restructuring, ECB/IMF, Economy, EU, Independence/Nationalism, ireland, Solutions | Tagged , , , , , | Leave a comment

Guest Post: The Economic Crisis in Iceland – “IMF Medicine” is not the Solution


Prof. Michael Hudson is a frequent contributor to Global Research. Will Iceland Vote “No” on April 9, or commit financial suicide? A year ago, in March 2010, Iceland’s economy was so small that it did not warrant much attention when … Continue reading

Posted in Accountability, Bankers' Bailout, Budget, Debt Default/Restructuring, ECB/IMF, Energy / Natural Resources, EU, Euro / Sovereign Money, Geopolitics, Independence/Nationalism, Infrastructure / Transport, ireland | Tagged , , , , , | Leave a comment

Oh Yes We Can! – Iceland to Bankers: “Go to Hell” (Leo Varadkar versus the World 12)


Mike “Mish” Shedlock (Global Economic Analysis) – Iceland Once Again Tells IMF, UK, Netherlands “Go to Hell”; “Ice Torture” Repayment Scheme Collapses Bloomberg – Iceland’s Voters Get Final Say on Repaying British, Dutch Depositor Debt EU Observer – Iceland’s president … Continue reading

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


Via the Irish Economy blog – Iceland 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 … Continue reading

Posted in Accountability, Bankers' Bailout, Budget, Debt Default/Restructuring, ECB/IMF, Economy, Elections, Euro / Sovereign Money, Ideology, ireland, Leo Varadkar versus the World, Solutions | Tagged , , , | Leave a comment

The Kaiser Report: Bank Kleptocracy, The Debt Generation, Iceland vs. Ireland


Of interest to Ireland, start at 12:45+

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The Economist: Lessons from Iceland for Ireland


A hat tip to the Peoples’ Movement for this article from The Economist (a must-read for everyone who says “thank goodness we’re not like Iceland…”) – Coming In From The Cold, Lessons from Iceland: Iceland has been tough with creditors … Continue reading

Posted in Bankers' Bailout, Budget, Debt Default/Restructuring, Economy, Euro / Sovereign Money, ireland, Leo Varadkar versus the World | Tagged , | 1 Comment

Bank Credit Analyst: Iceland vs Ireland – Devaluation vs Deflation


From BCA Research‘s Daily Insights (via John Mauldin’s Thoughts From The Frontline) – Iceland, Ireland And The Role Of The Currency: The different adjustment paths of Ireland and Iceland are classic examples of devaluation versus deflation. Iceland and Ireland experienced … Continue reading

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Guido Fawkes: Decouple, Default, Devalue and Develop


From Guido Fawkes’ – Iceland Shows the Way Forward for Ireland: Under this plan 20 cents of every euro of Irish taxes will go to pay the interest on the bank bail-out debts. The Irish bail-out plan will cost €54,800 … Continue reading

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Irish Central: Off With Their Heads


From Cahir O’Doherty, Irish Central – If Ireland Can’t Pay, Ireland Shouldn’t Pay: …in Ireland our homegrown golden circle, the men who walk between the raindrops no matter how bad the economic weather, can privatize their profits and socialize their … Continue reading

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Iceland: better off because banks failed, currency devalued – Bloomberg


From Bloomberg: Iceland’s President Olafur R. Grimsson said his country is better off than Ireland thanks to the government’s decision to allow the banks to fail two years ago and because the krona could be devalued…

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