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Iceland FM: 'We Don't Force Our People To Bailout Banks'

'Unlike the U.S. and EU, we forced bank bondholders to take losses.'

Start watching at the 3-minute mark.  Recorded yesterday.

Iceland's Foreign Minister Ossur Skarphedinsson tells RT's Marina Portnaya how his country managed to pull itself away from the financial abyss - and offers up a few pointers as to how the Eurozone can do the same.



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Reader Comments (7)

Oct 23, 2012 at 12:56 PM | Registered CommenterDailyBail
REYKJAVIK, Oct 21 (Reuters) - Residents of Iceland have voted for their constitution to be rewritten in the wake of the 2008 banking crisis, electing to take greater control.

Oct 23, 2012 at 2:42 PM | Registered CommenterDailyBail
I find it interesting that the FM thinks Greece is going to stay in the EU and that Iceland will try to pull closer to the EU in the future. It is hard for me to imagine the Greeks, Irish and other countries that are being bent over are going to continue themselvse allowed to be abused like this.
Oct 23, 2012 at 2:49 PM | Unregistered CommenterSKINFLINT
I was also surprised by those comments.
Oct 23, 2012 at 3:10 PM | Registered CommenterDailyBail
Ragnar the Great will go down in Viking History standing up to the Assassin Bankers!
Oct 23, 2012 at 6:56 PM | Unregistered CommenterKen Brodeur
I just don't know why Iceland would want to join EU. That would be a guarantee of poverty.
And if Iceland is so prosperous why can't the FM afford to shave?
Oct 23, 2012 at 9:18 PM | Unregistered CommenterIndianaJohn

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