January 29, 2013

Icelanders Don't Have to Pay for Bad Euro Bailouts

Wall St. Journal, Wall Street Journal

REW

Iceland is still reeling from the spectacular collapse of its banking system in the fall of 2008. Its government remains largely shut out of international capital markets, and its citizens labor under onerous foreign-exchange controls that make it difficult even to get dollars or euros for a vacation abroad. So maybe it's time for a shaft of northern light, even in January. On Monday, a court decision provided that -- and then some.

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TAGGED: Netherlands, UK, Iceland, Europe, Eurozone

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