Posts
Iceland went thru real economic Hell...after its 2008 bank and currency crash.
So...a fast recovery for the small economy was predicted by many.
Though it is growing at 2%...faster than most EU nations...inflation is high...and it's currency and capital controls...have become straight jackets.
One politician compares its currency...the krona/crown...down 17% since August...to the Disneyland dollar.
Icelanders now complain bitterly about economic stagnation.
Many voters are tired of austerity...and may replace the austerity minded ruling conservatives...with leftists...or even extreme rightists...in April.
http://www.reuters.com/article/2013/02/21/us-iceland-economy-idUSBRE91K0JN20130221
