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If you were a Moodys analyst in May 2008, would you recommend that Moodys downgrade Icelands sovereign debt? Why or why not. What is most

If you were a Moodys analyst in May 2008, would you recommend that Moodys downgrade Icelands sovereign debt? Why or why not.

What is most worrisome about Icelands balance of payments?

Should Iceland seek membership in the EU? Iceland already belongs to the EFTA and the Nordic Passport Countries? What are these organizations and what does membership mean to Iceland?

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