22/12/2010

Lessons from Iceland: Coming in from the cold | The Economist


Iceland’s recuperation seems to offer two big lessons for Ireland and other troubled euro-zone countries. The first is that the extra cost to a country of not standing by its banks can be surprisingly small. Iceland let its banks fail and its GDP fell by 15% from its highest point before it reached bottom. Ireland “saved” its banks and saw its output drop by 14% from peak to trough.



Já agora, vale a pena pensar nisto (e ler o resto do texto, ver link em cima)