Tuesday, January 19, 2010

The Icelandic president refused to sign a bill to pay back a bailout from England and Netherlands. He received a petition signed by a quarter of the population. There will be a referendum. There is a question whether it is necessary to just to agree to pay the bill so that it can move on and so it maintains its economic reputation.

People say that Iceland should go away from "neoliberal greed" to its Nordic values. Some question whether a compromise wioth what was originally negotiated at the time of the bailout will avoid the referendum.

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