fredag 20 juli 2012

Dagens bonuscitat

"Iceland’s lesson is relevant to countries that experienced big capital inflows followed by a sudden stop — that is, the European periphery, not the US or the UK. What it demonstrated was the usefulness of devaluation (and therefore of having your own currency), and the case for temporary capital controls in an emergency. Also the case for letting creditors of private banks gone wild eat the losses."

Ekonomen Paul Krugman i New York Times om Islands hantering av finanskrisen.