You’ve probably heard the story by now. The government of Iceland has forgiven the mortgage debt for much of its population. Thats partially true. They have chosen to Re-Structure. This nation chose a very different way of stopping the crisis from the rest of the other European countries. In an amazingly simple move, they decided to hear the requests of the population and to put politicians and bankers on the “bench of the accused” three years after their financial excesses would sank one of the most prosperous economies in 2008.
This is awesome! It shows that when the people DO STAND UP they have more power and can win against the corrupt bankers and politicians of a country. Which means, I assume, they are putting them on trial for corruption. The beauty of it is that they will have a load of cash to circulate into the economy and into service industries etc…instead of feeding it to the bankers and out of the economy.
A few interesting facts;