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News Link • Economy - International

Iceland Lets Banks Fail; Now 2% Unemployment In Sight

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Over half a decade later and Iceland’s economy has bounced back. Questions about what to do with the unemployed – common in the U.S. – are not heard in Iceland. Iceland has managed to drop unemployment to around 4 percent, but even that isn’t good enough. There are serious discussions taking place in Iceland about whether it’s possible to get as low as 2 percent....

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