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Monday, April 16, 2012

''Iceland's President Explains Why The World Needs To Rethink Its Addiction To Finance''

a must read..............From Business Insider

"Here's the full transcript of our interview with Ólafur Ragnar Grímsson, who has been President of Iceland since 1996, and announced last month he would be running for a fifth term. Keep reading to hear his thoughts on Iceland's recovery, and how a large financial sector can ruin a nation.

How has life in Iceland changed since the meltdown?

It’s very difficult to give a short description of how life has changed. It’s absolutely clear in Iceland, like many other countries, the financial crisis came as a profound shock, not only to the financial institutions, but also to ordinary people, the economy"..............read more

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