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After disaster, the bounce-back gathers momentum
Iceland
Unlike Eurozone member-nations, Iceland had freedom to manoeuvre because it controlled its own currency, monetary and fiscal policies. It could set its own rules, change its laws, and make independent decisions. [Read more…]
Tallinn – Estonia
Estonia, across the Baltic, with close linguistic, historical and economic ties with Finland and Sweden, is a nation of just 1.3 million. After it regained its independence in 1991, it opted for free trade, flat taxes, fiscal and monetary restraint and stable exchange rates. Its economy grew fast, and Estonia sought close ties with its neighbours to the west, entering both the European Union and NATO. [Read more…]
The Sauna Club
Investor attention now is focused on the “Pigs” – the member-nations on the periphery of the Eurozone whose debt bubbles threaten to explode and fragment the currency union. [Read more…]
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