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News Link • Economy - International

Little Iceland Panics Big Banks


Iceland Says No ... The island nation may serve as an example for those who want capitalists to operate at their own risk. In a national referendum Saturday, Icelanders, for the second time, voted against a government proposal to pay the big losses of some of their bankers and their foreign customers, with 60% voting "No" and 40% in favor. For those of us who welcome capitalists, but want them to operate at their own risk, this hopefully sets an example for the rest of Europe. – Wall Street Journal

Dominant Social Theme: The Icelanders are at it again, irresponsible and unwilling to take up their burden. The wrath of the modern world shall surely be visited upon them.


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