ICELAND’S GEYSERS NO LONGER GUSH INFLATION
“Watershed, perhaps is a strong word”, said Johannes Nordal, the governor of the Central of Bank of Iceland, “but I think there is a very significant change taking place here.”
After forty years of regarding inflation and a depreciating currency as unavoidable evils, Iceland seems to have decided to kick its bad habits and impose financial discipline upon itself. The government is encouraging Icelanders to save, for purposes other than buying their own houses, and it has made it a policy to curb the growth of its foreign debt.
Access intelligence that drives action
To unlock this research, enter your email to log in or enquire about access
