Politics

Greece can take heat out of debt woe with Icelandic model

Iceland's response to its sovereign debt problems shows how allowing capitalism to run its course can help a nation address crippling economic woes

Tuesday 18 April 2017 at 09:41

Greece can take heat out of debt woe with Icelandic model
Photo: iStockPhoto

Once again, Greece is in the headlines amid continuing talks over its international bailout programme.

Almost 10 years after the global financial crisis erupted, Greece’s banks and national debt continue to cause turmoil. Today its economy is one of the worst-off in Europe.