Institutional Investor (November 1)
2011/ 11/ 03 by jd in Global News
Iceland has bounced back faster than expected. Its top three banks collapsed in 2008, leaving the country in shambles. “But Iceland fought back—and won.” While its economy remains fragile, the Organization for Economic Cooperation and Development (OECD) now predicts Iceland will grow by 3% in 2012. “If there’s a lesson, it’s …that Iceland is in better shape than Ireland partly because it let its banks go bust.”
