Tag Archives: Iceland

Guest post by Sigrún DavídsdóttirThe word “trust” has been mentioned time and again in reports on the tortuous negotiations on Greece. One reason is the persistent deceit in reporting on debt and deficit statistics, including lying about an off market swap with Goldman Sachs: not a one-off deceit but a political interference through concerted action among several public institutions for more then ten years.As late as in the July 12 Euro Summit statement "safeguarding of the full legal...

Guest post by Sigrún DavídsdóttirNow that Greece has controls on outtake from banks, capital controls, many commentators are comparing Greece to Iceland. There is little to compare regarding the nature of capital controls in these two countries. The controls are different in every respect except in the name. Iceland had, what I would call, real capital controls – Greece has control on outtake from banks. With the names changed, the difference is clear.Iceland – capital controlsThe controls in...