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"I'm not seeing any realistic long term solutions anywhere." What about what Iceland did? They actually held the people that ran the banks accountable and let
by pmorici 14y ago
"I'm not seeing any realistic long term solutions anywhere."
What about what Iceland did? They actually held the people that ran the banks accountable and let them fail.
- don_draper 14y agoI think Iceland is a great example of a better option. Iceland is still a tourist destination with educated people providing other products and services. As long as your country has stuff people are willing to pay for you'll be ok (even if you go bankrupt).
- adestefan 14y agoBecause Cyprus doesn't have the money to back the insurance on accounts less than 100,000€. If Cyprus did the same thing as Iceland, then a lot more people would be losing a lot more money.