Mountains of Debt Temper Hopes despite Recovery

Three years after going bankrupt, Iceland has defied predictions by getting its finances back under control. But mountains of private debt have left thousands hopeless and sceptical of any salvation that could come from joining the European Union and adopting the euro.

ESO: Background information: Iceland’s former prime minister on trial http://www.europeansources.info/record/icelands-former-prime-minister-on-trial/

ESO: Background information: Could Iceland be a model for debt-ridden Europe? http://www.europeansources.info/record/could-iceland-be-a-model-for-debt-ridden-europe/

---