Peculiar, innit - after the nation's entire banking system systemically failed in October 2008, leading to a severe depression, substantial political unrest, the Icesave dispute, and the institution of capital controls, Iceland chose to neglect the 'advise' of the economic experts of the EU.B.B.Baghor wrote:https://www.youtube.com/watch?v=JGwMIlpgR2A
In Iceland, the first European country to wake up to an economic crash, people became aware
that they could and should intervene in society and started demanding more democratic parti-
cipation. The payment of bank debts by citizens went to referendum. The government was forced
to create a Council to write a new constitution: a citizens' group - without politicians, lawyers or
university professors -- who opened the discussion process to everybody and managed to approve
by consensus a draft proposal. In Iceland, many citizens are now organized in associations and have
substantial proposals for a society where everyone can participate.
The country would therefor collapse, at least that's what the EU propaganda machine wanted us to believe, yet the economy has since made a significant recovery and Iceland is on the trajectory of 2% unemployment as a result of crisis-management decisions made back in 2008, including allowing the banks to fail.