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Description: A youtube video giving a brief overview of the Icelandic government's response to the Global Financial Crisis. The Icelandic government let banks fail after Icelandic banks over-extended their loans to citizens (an inherent policy of neo-liberal economics). Instead, Iceland opted for debt forgiveness programmes to bail out its own citizens, as opposed to the austerity schemes that the EU opted for. Today, Iceland has a steady annual growth rate and low unemployment rate.
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Creator: now this world
Publisher: YouTube (Electronic Resource)
Language: English
Coverage: Reykjavik
Type: Internet videos
Date: June 29 , 2015
Rights: Copyright not evaluated. The copyright and related rights status of this Item have not been evaluated. Please refer to the organization that has made the Item available for more information. You are free to use this Item in any way that is permitted by the copyright and related rights legislation that applies to your use.
Collector: KRIA - The Icelandic Constitution Archives
Keyword: Ibank strategy
Description: Interview with Gudmundur Halfdanarson - history professor at the University of Iceland - about the then lack of accountability by the government attributed to the bankers responsible for the failure of the three major banks in Iceland following the Global Financial Crisis 2008. Halfdanarson argues that there must be recognition of these faults for the sake of legitimacy of government rule.
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Publisher: YouTube (Electronic Resource)
Language: English
Coverage: Reykjavik
Type: Internet Videos
Date: April 7 , 2011
Rights: Copyright not evaluated. The copyright and related rights status of this Item have not been evaluated. Please refer to the organization that has made the Item available for more information. You are free to use this Item in any way that is permitted by the copyright and related rights legislation that applies to your use.
Collector: KRIA - The Icelandic Constitution Archives
Keyword: Iceland revolution
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