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clang1

(884 posts)

46. +1 n/t

Reply to DCBob (Reply #41)

Sat Jun 23, 2012, 12:46 PM

Jun 2012

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Booming Iceland makes second early loan repayment to IMF [View all] hack89 Jun 2012 OP

Iceland prosecuted banksters and negated fraudulent mortgage debt ..... marmar Jun 2012 #1

We need to do more of that too Rosa Luxemburg Jun 2012 #2

I agree. nt hack89 Jun 2012 #5

They only prosecuted domestic bankers. They ran to international banksters for loans. hack89 Jun 2012 #3

They also nationalized the failed banks newthinking Jun 2012 #59

Absolutely - it signals that Iceland is serious. Psephos Jun 2012 #4

Along with letting the bad banks die and progressive "two-way" Democracy newthinking Jun 2012 #66

A lot of details. The former PM was tsuki Jun 2012 #10

Hmmm. Curious that. nt Guy Whitey Corngood Jun 2012 #15

But they still had to implement austerity and borrow billions. hack89 Jun 2012 #17

True. Igel Jun 2012 #54

+1000 n/t clang1 Jun 2012 #19

Thank you. nt woo me with science Jun 2012 #87

I think someone has to overhaul the world's financial systems Rosa Luxemburg Jun 2012 #6

I am not sure there is a "someone" with those kinds of powers. nt hack89 Jun 2012 #7

I wish! Rosa Luxemburg Jun 2012 #8

each individual sovereign nation-state needs to tailor-make a ground-up democratic response stockholmer Jun 2012 #23

Great points stockholmer suffragette Jun 2012 #57

Also repaid $892 million from nordic countries rootProbiscus Jun 2012 #9

The power of selective perception. Now that's spin! JackRiddler Jun 2012 #11

They did not default on sovereign debt hack89 Jun 2012 #18

The primary feature was throwing out and replacing the government newthinking Jun 2012 #61

I don't think it will work for Greece. hack89 Jun 2012 #77

Greece thanks you for your concern and fear-mongering. JackRiddler Jun 2012 #79

The Greek system, like many European systems, is designed to promote minor political parties hack89 Jun 2012 #80

Nonsense on all counts. JackRiddler Jun 2012 #81

I don't care how the Greeks solve their problems - it has no impact on me. hack89 Jun 2012 #82

That's why you post anti-Greek propaganda weekly, sometimes daily. JackRiddler Jun 2012 #86

This is a disussion board, not an echo chamber hack89 Jun 2012 #88

This is a discussion board, not a dumping ground. JackRiddler Jun 2012 #89

Unfortunately you have to put up with disagreement here. hack89 Jun 2012 #90

Unfortunately you have to put up with others' opinions of... JackRiddler Jun 2012 #91

If you are unwilling to assign at least partial blame to the Greeks hack89 Jun 2012 #93

Strawman and false definition. JackRiddler Jun 2012 #94

No - I blame the Greek politicians hack89 Jun 2012 #95

I would love to have 7 independent political parties seated in Congress. nt hack89 Jun 2012 #83

They let their banking industry die. And imagine, it did not sink the rest of their population newthinking Jun 2012 #60

Iceland wasn't within the Eurozone... shaayecanaan Jun 2012 #12

So what do you think of their desire to join the Euro? hack89 Jun 2012 #20

BIG Mistake! newthinking Jun 2012 #62

I think the mistake was Europe's shaayecanaan Jun 2012 #78

Oh my, your OP comment is distressingly bad. DUer replies are good. Festivito Jun 2012 #13

So Greece and ilk should borrow billions and implement austerity? hack89 Jun 2012 #16

only if they can also prosecute their banksters and devalue their currency... magical thyme Jun 2012 #22

So Greece's problems are purely a domestic banking crisis like Iceland? hack89 Jun 2012 #24

I never said or implied that. In fact, I said 'only if they can jail the banksters' magical thyme Jun 2012 #27

My agenda is simple hack89 Jun 2012 #31

Hiding banker prosecution by repeating austerity seems to be your simple agenda. Festivito Jun 2012 #42

Do you think Iceland is a good model for Greece? nt hack89 Jun 2012 #48

The Greeks can decorate Athens with the heads of bankers hack89 Jun 2012 #53

"They couldn't afford it then" newthinking Jun 2012 #69

The Greek government hide massive debt so they could borrow more. hack89 Jun 2012 #74

+1, Exactly. Hack is purposely propagating a siimple meme that does not accurately newthinking Jun 2012 #68

+1 Thanks!! You get it. newthinking Jun 2012 #67

They are taking advantage of it and paying it back quickly. Big difference newthinking Jun 2012 #63

I do not support austerity for Greece - even though they will have it regardless of what they do hack89 Jun 2012 #76

Iceland and Greece are different animals but clearly there are similarities. DCBob Jun 2012 #14

My point is that people don't understand what Iceland actually did to solve their mess. hack89 Jun 2012 #21

Iceland did not do what has now been termed 'ponzi-austerity', which is what the Eurozone is doing stockholmer Jun 2012 #25

I don't know what it will take to fix Greece hack89 Jun 2012 #26

The austerity measures in Iceland had limits muriel_volestrangler Jun 2012 #32

Iceland had political and social unity. hack89 Jun 2012 #34

Greece can start by cancelling many of their huge weapons purchases from Germany/France/USA, etc stockholmer Jun 2012 #43

I agree. hack89 Jun 2012 #47

They need to get their tourism business back up to speed. DCBob Jun 2012 #49

Heh heh: 'Ponzi Austerity' good one n/t clang1 Jun 2012 #29

+1, "Ponzi Austerity" - False austerity due to "Ponzi" Neo-liberal Capitalism newthinking Jun 2012 #70

Look at Michigan clang1 Jun 2012 #85

Yeah, I get your point and I agree. DCBob Jun 2012 #41

This message was self-deleted by its author clang1 Jun 2012 #44

+1 n/t clang1 Jun 2012 #46

No hack. Problem is *you* don't fully understand. It wasn't "austerity" newthinking Jun 2012 #64

They raised taxes. Cut wages and pensions. Saw a large a huge decline in individual wealth. hack89 Jun 2012 #75

Why European Austerity Fails clang1 Jun 2012 #28

Yet austerity worked in Iceland. Looks like Iceland is not a valid model for Greece. nt hack89 Jun 2012 #30

Iceland shows eurozone how to fight crisis clang1 Jun 2012 #33

"Structural reforms which enabled Iceland to reduce its fiscal deficit." hack89 Jun 2012 #35

Heh heh thanks for letting me know that clang1 Jun 2012 #37

This we can agree on newthinking Jun 2012 #72

No, Progressive Democracy and Nationalizing the banks worked newthinking Jun 2012 #65

Along with pay and pension cuts, higher taxes hack89 Jun 2012 #73

+100 , this is ponzi austerity, as the banksters are made whole, the debt for their theft is then stockholmer Jun 2012 #45

Yep. n/t clang1 Jun 2012 #51

+100 - Thanks for trying to cut through the false propaganda so many seem to believe! newthinking Jun 2012 #71

How many more payments does the country with the 320k population have to make ? may3rd Jun 2012 #36

Well maybe not. -- Thank you. Re: apples to olives n/t clang1 Jun 2012 #38

Many here point to Iceland as a model for what Greece should do. hack89 Jun 2012 #39

Yep I feel the same. n/t clang1 Jun 2012 #40

Exactly - and Spain is different, Ireland is different, the US is a whole different story as well bhikkhu Jun 2012 #50

Governments 1000 times better than our own at taking care of it's citizens n/t clang1 Jun 2012 #52

Not bad for a country whose population is about as large as Des Moines n/t DFW Jun 2012 #55

Political and social unity made it easier for Iceland. nt hack89 Jun 2012 #56

The people ARE pretty homogeneous, it's true DFW Jun 2012 #58

The biggest thing that helped them are the capital controls. roamer65 Jun 2012 #84

Amazing what happens when you dump your Trickle Down nonsense... n/t progressivebydesign Jun 2012 #92