Thu Jan 17th, 2013 at 05:05:34 AM EST
I’ve long shouted about the nonsense being spouted about Ireland’s economy by people looking to use it as the poster child for their mad plans: for ‘reform’ when it was booming and (strangely enough) for reform and austerity now it’s in depression.
Here is something similar about Iceland
Since people continue to spread the factually dubious statement that Iceland “told creditors & IMF to go jump, nationalised banks, arrested the fraudsters, gave debt relief and is now growing very strongly, thanks” I find I have to write this here thing.
Because, for some reason, people won’t believe Icelanders when they say that the above is not quite the reality as most Icelanders experience it.
He describes an economy that’s still in a lot of trouble and a political system that hasn’t done half of what it’s purported to have done.
I’ve heard a couple of places that the story about Iceland’s economy that’s doing the rounds isn’t entirely accurate - inaccuracies helped by Iceland being far away and not in English, though being English speaking doesn’t help a true picture of Ireland escape.