Let banks fail: Iceland’s plan looks to be working

Islandia deja a la banca nacional en situación de bancarrota el 2008 debido a que no demostró ser solvente.

Ahora, Islandia como país está en un proceso de entender que las decisiones en el ámbito financiero  tomadas en el pasado fueron apropiadas para manejar la crisis económica (que hace empezó media década atrás), las cuales encausaron al país en una trayectoria que hizo del 2% de cesantía una cifra realista.

La minúscula élite de multimillonarios islandeses, la cual podría ocupar un sólo vagón de tren, ha acumulado fortunas (un total de 1.7 de millones de millones de dólares) equivalentes al capital de la gente en la más extrema pobreza, un total de 3,5 miles de millones de personas, según muestra el reporte.

Financial Post | Business

Iceland let its banks fail in 2008 because they proved too big to save.

Now, the island is finding crisis-management decisions made half a decade ago have put it on a trajectory that’s turned 2% unemployment into a realistic goal.

[np_storybar title=”Oxfam: 85 richest people on earth have as much money as half the world’s population” link=”http://business.financialpost.com/2014/01/20/oxfam-85-richest-people-on-earth-have-as-much-money-as-half-the-worlds-population/”]The tiny elite of multibillionaires, who could fit into a single train carriage, have accumulated fortunes (a total of $1.7-trillion) equal to the wealth of the world’s poorest 3.5-billion people, report shows. Keep reading.
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While the euro area grapples with record joblessness, led by more than 25% in Greece and Spain, only about 4% of Iceland’s labor force is without work. Prime Minister Sigmundur D. Gunnlaugsson says even that’s too high.

“Politicians always have something to worry about,” the 38-year-old said in an interview last week. “We’d like to see unemployment going…

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Let banks fail: Iceland’s plan looks to be working