Thursday, August 20, 2009

Guns and Butter - "Iceland Recovering From Neoliberal Disaster"

"Iceland Recovering From Neoliberal Disaster" with Dr. Michael Hudson on Iceland's banking crisis and foreign debt; it's decision to push back against IMF and World Bank austerity; Gordon Brown's role in the Icesave scandal; the capacity to pay principle; similarities with Germany's foreign debt reparations from the 1920s; European Union disarray; media omissions