SUBSIM Radio Room Forums - Financial crisis in Iceland, from Uboat.net

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Quote:

Originally Posted by Skybird

Interesting to see how the interest in such stories grows the closer the place it where they take place. In Argentine some years ago, things were more serious, I would say, but almost nobody gave a damn.

However, Argentine is on the path of recovery, somewhat, so even if Iceland may fall even deeper, sooner or later it reaches the point from where things can only improve again.

Well, we had pretty rough times back in 2001. Our government freezed all bank accounts with foreign currency and exchanged it for pesos.

Besides that, you couldn´t extract those pesos from the bank (just spare change every day).

Argentina collapsed and the president fled from the "Pink House" (no kidding, that´s the name of our presidential palace). Poverty increased by 100 %, so on, so on.

Now, we are walking the same path, while the government is trying to secure the pension funds (my pension fund, por example!) for its use.

In my humble opinion, Iceland is in the paradise right now if compared to past, present or future Argentina. At least they don´t have our corrupt politics in the office.

Quote:

Originally Posted by Marcantilan

Quote:

Originally Posted by Skybird

I think you hit the nail on the head with your last sentence.

The main difference between Agentina and Iceland is the corruption in political circles.