Lesley Riddoch: Mock Nordics if you like, but they are survivors
Published Date:
13 October 2008
LITTLE countries have come under suspicion since Iceland's banks went belly-up. Geir Haarde, the prime minister, enraged Britain by suggesting foreign investments would not be protected. And though the war of words has abated with Haarde's assurance that "we will honour our obligations", the damage to Iceland's reputation has been done.
No-one came to bail out the Icelanders – quite the opposite. Clearly no-one in Britain ever believed that a country of 316,000 souls could possibly produce firms like Baugur whose rampant expansion bought over half the British high street. At least...
The full article contains 932 words and appears in The Scotsman newspaper.
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Last Updated:
12 October 2008 9:12 PM
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Source:
The Scotsman
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Location:
Edinburgh
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Related Topics:
Lesley Riddoch
