[lbo-talk] Iceland says, 'Let the banks fail."

[Mike Ballard]

Thought this of interest.

Iceland’s President Olafur R. Grimsson said his country is better off than Ireland thanks to the government’s decision to allow the banks to fail two years ago and because the krona could be devalued.

http://www.bloomberg.com/news/2010-11-26/iceland-faring-much-better-after-permitting-banks-to-fail-grimsson-says.html

Hi-ho,
Mike B)

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When classwide solidarity is a crime, the mask of democracy is removed to reveal the ugly face of capitalist dictatorship.
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