30.11.2012 - 14:53 [ Prawda ]

Iceland shows the way: reject austerity

Similarly, private banks had to cancel all mortgage loans with variable rates that would exceed 110% of the value of real estate, which averted a crisis of subprime and the United States. Moreover, the Supreme Court outlawed all loans indexed in foreign currencies that had been granted to households, thus forcing banks to withdraw their claims for the benefit of the population.