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How to deal with the next financial crisis – take some lessons from Iceland

It has been ten years since the global recession hit – and the perfect opportunity to rethink and reassess the crisis with the benefit of time.

  • Iosif Kovras
  • The Conversation

Much of the focus so far has been on economic or policy failures, with the question of accountability left out of the discussion.

Eos 1aIn stark contrast to the grassroots calls for punishing those responsible, political leaders were not overly concerned with accountability, leaving bankers off the hook.

This was a mistake.

To give only one example, in the US and the UK, this post-crisis impunity – along with other political factors – have had deleterious effects on democratic politics, setting the…

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