Iceland thumbs nose at international opposition to advance $1.2 billion debt relief plan

Iceland’s government has announced that it will be writing off up to 24,000 euros ($32,600) of every household’s mortgage, fulfilling its election promise, despite overwhelming criticism from international financial institutions.

The measure was introduced by the country’s prime minister, Sigmundur David Gunnlaugsson, the leader of the Progressive Party which won the late-April elections on a promise of household debt relief.

According to the government’s website the household debt will be reduced by 13 percent on average.

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Finally, more good news from our European role-model nation that sent the banksters packing. This is how you deal with the evil cancer that plagues our planet. Of course, you won’t hear a peep from the western corporate media about anything Iceland, as if it was some kind of black hole. Needless to say, we keep a close eye on the situation.

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Pointing my finger on the brighter spots. We win, and winning is fun.

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