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The Icelandic recipe against the crisis
In 2008, Iceland's economy collapsed. But in three years, the "politics of inclusion" has raised the country. The recipe crisis is in part exportable
Iceland (plans)
Fall 2008. The global financial crisis was ushering in the world with the bankruptcy of Lehman Brothers. Meanwhile, in Iceland , the situation was already falling: within a week the entire national economy has collapsed . Guilty of a banking hyper debt. In a few days the value of the Crown has dropped by 40%. The interest rate jumped to 18%, unemployment reached quickly from zero to 10%. In short, a general collapse. But the institutions have adopted from the beginning a " policy of economic and social inclusion ", which in three years has brought the country out of crisis. Not only that, Iceland began to grow at a rate of 3% per year (in 2011 and 2012). What is the recipe? The former finance minister and current Minister of Economy Rejkiavik Steingrímur Sigfusson has summed up in a letter to the Financial Times: progressive taxation (paying more those who have the highest income, the weak pay little or nothing) and services welfare cut less than other chapters of public spending . The result was a more equitable distribution of wealth that has allowed the poorer sections of the population to remain within the economic system. not excluding .......
