onsdag 22 februari 2012

Dagens citat

"Both countries were brought down by reckless risk taking from outsize banking systems. But Iceland's banks were so large, at about 10 times gross domestic product, that the country had no choice but to allow them to fail and see their creditors take the hit rather than the government. Ireland's misfortune was that its banking system was only about four times GDP, just about small enough to be saved, while the European Central Bank's fear of contagion closed off the option of burning bondholders."

Richard Barley i Wall Street Journal om Islands och Irlands hantering av finanskrisen.