måndag 20 februari 2012

Dagens citat

"The strategy of devaluation behind capital controls has rescued the economy. (Yes, I know there is a dispute about exchange controls, but that is a detail.) The country has held its Nordic welfare together and preserved social cohesion. It is slowly prospering again, though private debt weighs heavy. Nobody is forcing the elected government out of office or appointing technocrats as prime minister. The Althingi sits untrammeled in its island glory, the oldest parliament in the world (930 AD). The outcome is a vindication of sovereign currencies and national central banks able to respond to shocks."

Ambrose Evans-Pritchard i Daily Telegraph om Islands hantering av finanskrisen.