This Is What Democracy Looks Like / Iceland Debt Jubilee

submitted by Gabrielle Price

I don’t have to wonder why we don’t hear about this in the US mainstream media. ~ GP

The government of Iceland has forgiven the mortgage debt for much of its population. This nation chose a very different way of stopping the crisis from the rest of European countries. It decided to hear the requests of the population and to put politicians and bankers on the bench of the accused three years after their financial excesses would sink one of the most prosperous economies in 2008.