Comments on: Icelandic mulishness wins the day http://blogs.reuters.com/james-saft/2010/12/09/icelandic-mulishness-wins-the-day/ Tue, 24 Mar 2015 16:54:45 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: ARJTurgot2 http://blogs.reuters.com/james-saft/2010/12/09/icelandic-mulishness-wins-the-day/comment-page-1/#comment-356 Mon, 13 Dec 2010 14:36:31 +0000 http://blogs.reuters.com/jim-saft/?p=216#comment-356 I doubt the Brits and the Dutch are done with Iceland. What they did is default on their debt, hardly a new thing in the world, but the limitations of what they can do in their home economy is eventually going to have them trying to talk to their neighbors again.

They will never be part of the EU, the U.S. banks won’t deal with them on anything like a favorable condition until they get that fixed, and it won’t be fixed on their terms. I suspect what you are hearing is an attempt to put a bold face on what is and will be a desperate situation.

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By: southwerk http://blogs.reuters.com/james-saft/2010/12/09/icelandic-mulishness-wins-the-day/comment-page-1/#comment-347 Fri, 10 Dec 2010 18:20:33 +0000 http://blogs.reuters.com/jim-saft/?p=216#comment-347 I often find the writing here to be less than balanced. I found the analysis of what economists thought of the tax deal to particularly one sided. But this is marvelous writing. I was very impressed especially in the way the numbers were used in a simple and useful manner instead of being used to impress.
I’ll have to look and see if the gentleman has a book or two out.

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By: jobon1 http://blogs.reuters.com/james-saft/2010/12/09/icelandic-mulishness-wins-the-day/comment-page-1/#comment-346 Fri, 10 Dec 2010 17:49:46 +0000 http://blogs.reuters.com/jim-saft/?p=216#comment-346 Population of Iceland – 319,000. About the size of Lexington, KY in the United States.

Population of Ireland – 4.5 million

Just to put things into perspective…

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By: Dafydd http://blogs.reuters.com/james-saft/2010/12/09/icelandic-mulishness-wins-the-day/comment-page-1/#comment-345 Fri, 10 Dec 2010 11:08:55 +0000 http://blogs.reuters.com/jim-saft/?p=216#comment-345 Much to be praised in the way Iceland has dealt with the situation, but remmeber, they agreed to make local savers whole, while not savers from other countries.

This is not an option in the EU, and for me it is wrong.

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By: m11213 http://blogs.reuters.com/james-saft/2010/12/09/icelandic-mulishness-wins-the-day/comment-page-1/#comment-343 Thu, 09 Dec 2010 20:26:58 +0000 http://blogs.reuters.com/jim-saft/?p=216#comment-343 Well described, and refreshingly honest about how “bad” behaviors sometimes win. Question on my mind is how to make clear what the risks are for all sides: to governments which implicitly or explicitly guarantee private entities (such as banks), to investors or depositors in financial institutions, and to businesses who rely on investment. The invisible hand only can work with full information for all participants in a market.

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