Iceland in an economic recovery thanks to its decision to not bailout banks at taxpayer expense during the great financial collapse. Iceland’s decision upset the UK and Netherlands. Both countries foolishly decided to reimburse its depositors, then sue Iceland to pay.
The story goes back to 2010 and I have commented many times on Iceland and Icesave and how Iceland was doing the right thing.
Here are a couple links on Icesave if you need to refresh your memory. Continue reading