12/03/2010 11:03:44 am
The Real Causes of Iceland′s Crisis. The European Enterprise Institute recently published a new Policy Paper, about the causes of Iceland′s financial and economic crisis. This took place at a well-visited seminar in the European Parliament.

Sometimes, people assume that Iceland shows that capitalism and free-market reform don′t work. This is not true. Iceland′s reforms brought them great prosperity, which has not been destroyed by the crisis. The real causes of the depth of the crisis was the monetary policy.

Read the paper here (pdf) - >