Skip to comments.Iceland and Ireland: A Tale of Two Islands
Posted on 02/20/2012 2:23:31 PM PST by Razzz42
...Ireland's policy choices have been constrained by the euro. But its recovery has been damaged by the euro zone's poor crisis management, which has dragged down the whole currency bloc's economy. Longer-term, euro membership should help Ireland lure investment and boost exports: Even in 2011, there was a 30% increase in companies investing in Ireland for the first time. Over time, that may prove the deciding factor.
(Excerpt) Read more at online.wsj.com ...
Subscription required to read the whole article. Could you provide a brief synopsis of the points the article makes; for those of us who don’t wish to subscribe?
Okay, even better than a synopsis. Thanks.
How much is Euroeconomics influenced by Austrian Economics and how much by Keynsian Economics? Is this reflected in Irish vs. Icelandic economic approaches?
Copy the article's title and paste it into Google. Click on the first (or maybe second) result. WSJ has a deal that articles accessed through Google are returned in their complete format.
Try what BfloGuy suggested...
“Copy the article’s title and paste it into Google. Click on the first (or maybe second) result. WSJ has a deal that articles accessed through Google are returned in their complete format.”
Thanks for that info!! I usually learn something new each day but up until seeing your post it has all been “same old, same old”.
From the articles...
>>Icelands $13 billion economy<<
By way of comparson, Los Angeles Count has an annual budget of over $20 Billion.
Iceland is pretty tiny and is subject to different, less pressing, economic forces.
That’s a pretty funny image. For years I’ve subscribed to the “paper” version of the WSJ. I guess it’s about time I overcome my inertia and add the on-line access to my subscription — particularly since I’ve finally decided to get an ipad once the ipad 3 come out later this year.
Thanks Razzz42. G’night all.
How the two countries reached debt-overload doesn’t matter with any country always spending more than they take in.
What is important is how they got out or are getting out of debt.
Iceland basically defaulted on most of their debt, making investors take the loss.
Euroland central banks along with the IMF and others want to avoid countries defaulting but at the same time want to exact every bit of income from the troubled countries. This makes growth almost impossible (like Greece, a debt slave).