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Do you agree with Iceland's decision not to bail-out the three major banks of the country? Why or why not? Iceland took the approach of
Do you agree with Iceland's decision not to bail-out the three major banks of the country? Why or why not? Iceland took the approach of helping the consumer instead of helping the banks. How does this approach differ from the bank bail outs that occurred in the US in 2008? How does this approach differ from austerity measures implemented in Greece? Do you believe that Iceland's success (versus Greece's continuing financial struggles) was a direct result of Iceland not being tied to the EU? Do you believe that the recent COVID-19 virus pandemic and trillions of dollars in spending by the US government will have the same impact on the US economy as the 2008 banking crisis? Why or why not? What are your thoughts on how a similar future crisis should be handled? Do you think the recent SVB bailout is a sign that this will trigger a bigger future crisis
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