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Home>Follow-Up on Greece: A Lesson From Iceland

Follow-Up on Greece: A Lesson From Iceland

Perspectives Content Submission

Mon, 8 Mar 2010

In a referendum Saturday, the tiny country of Iceland–population: 320,000, about 10 percent less than that of Wichita, Kan., overwhelmingly rejected a EUR 3.9 billion ($5.3 billion) debt repayment arrangement with British and Dutch depositors in the failed Icesave Bank. Debt repayments had been set
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