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Misconceptions about the Economic Situation in Iceland


Baldur Bjarnason writes a blogpost on how the crisis in Iceland is actually unfolding on Studio Tendra. He details the cozy relationship between the Iceland government and the IMF, decrypts the banks going bankrupt and especially denounced the plight of a growing number of Icelandic citizens who are struggling under the weight of mortgage loans whose interest rates have skyrocketed with the collapse of the Icelandic krona. Why these myths are disseminated, he asks.  “The only thing I know is that you are being lied to and that Icelanders are also very good at lying to themselves. Besides, if we were not, we would not be in this mess in the first place.”

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