Daily Archives: January 7, 2010

Further reading: Iceland, Naoto Kan, American economic recovery

January 7, 2010 7:00 pm by FT

From the FT:
Radical choice has been central bank critic – Michiyo Nakamoto
How to make the bankers share the losses – Neil Record
The soap opera of China’s housing boom – Geoff Dyer

From elsewhere:
The American economy will recover even if the housing market doesn’t – Slate
The need for special resolution regimes for financial institutions – VoxEU
Did demand for credit really fall? – Baseline Scenario Read more

Posted in Economics |

Iceland’s president blocks €3.9bn repayment deal: What do you think?

January 7, 2010 2:22 pm by Financial Times

There is a difference of opinion within the FT over the Icelandic president’s decision to block a deal to repay the UK and the Netherlands more than €3.9bn lost by savers in a failed Icelandic bank.

Lex write that if Iceland refuses to repay the debt, it risks becoming an international pariah. However, the FT’s editorial argues that Iceland should not be put in a debtors’ prison. Read more

Posted in Banks |