Saturday 14 April 2012

Debt forgiveness in Iceland


What a different response this is to the coutnries of Europe, or the UK, or New Zealand!

Iceland forgives mortgage debt of its population


The government of Iceland has forgiven the mortgage debt for much of its population. This nation chose a very different way of stopping the crisis from the rest of European countries. It decided to hear the requests of the population and to put politicians and bankers on the bench of the accused three years after their financial excesses would sank one of the most prosperous economies in 2008.



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