Iceland's post-Crisis economy: A myth or a miracle?

May 21, 2013

Icelandic voters recently ejected its post-Crisis government - a government that successfully avoided economic collapse when the odds were stacked against it. The new government comprises the same parties that were originally responsible for the Crisis. What's going on? This column argues that this switch is, in fact, logical given the outgoing government's mishandling of the economy and their deference towards foreign creditors.