While Greece and Europe continue sinking ever deeper into the colonial quicksand of Pax Goldmania, Iceland, which blew up, pushed its banks into bankruptcy, and arrested its corrupt bankers, is well on its way to being the world's only normal country.
I am reading headlines such as these now:
* ICELAND RATINGS RAISED TO INVESTMENT GRADE BY FITCH
* FITCH UPGRADES ICELAND TO 'BBB-'; STABLE OUTLOOK
* FITCH DOES NOT EXPECT ICELAND TO SLIP BACK INTO RECESSION
* FITCH SAYS ICELAND GOVERNMENT DEBT PEAKED AT 100% OF GDP IN '11
Too bad the Goldman colony of Greece (and soon everyone else - thank you first lien "bailout" debt) will not see headlines such as these written about it any time in the next century
Iceland told the banks to drop dead, that’s what it did.
They government of Iceland didn’t socialize the bank losses and came out stronger for it.
Major help when you still can control your own currency, Icelandic Krona.