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…
Morningstar director of economic analysis Bob Johnson addresses recent sluggishness in the economy and makes the case for better growth in the second half of the year.