Abstract
In 2008 Iceland became the poster child for the global financial crash, but how has it fared since?Edward Huijbens and Huginn Freyr Þorsteinsson report. Iceland's financial crisis was precipitated by mass privatisation, deregulation of the banking sector and soaring personal debt. But the IMF solution has not been as radical as many feared, write Edward Huijbens and Huginn Freyr Þorsteinsson.
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