Golden
28th January 2013, 05:53 AM
Olafur Ragnar Grimsson Iceland president 'Let banks go bankrupt'
www.youtube.com/watch?v=51-Jfh6ADH0
www.youtube.com/watch?v=51-Jfh6ADH0
Published on Jan 25, 2013
Iceland President Olafur Ragnar Grimsson tells Al Jazeera's Stephen Cole that Europe should let banks that are ran "irresponsibly" go bankrupt.
Speaking at the annual World Economic Forum in Davos, Grimsson also held his country as a model of economic recovery after its near-collapse four years ago.
"We didn't follow the traditional prevailing orthodoxies. And the end result four years later is that Iceland is enjoying progress and recovery."
www.youtube.com/watch?v=51-Jfh6ADH0
www.youtube.com/watch?v=51-Jfh6ADH0
Published on Jan 25, 2013
Iceland President Olafur Ragnar Grimsson tells Al Jazeera's Stephen Cole that Europe should let banks that are ran "irresponsibly" go bankrupt.
Speaking at the annual World Economic Forum in Davos, Grimsson also held his country as a model of economic recovery after its near-collapse four years ago.
"We didn't follow the traditional prevailing orthodoxies. And the end result four years later is that Iceland is enjoying progress and recovery."