The past year has seen the global economy on a life support machine, otherwise known as the bailout. Just as the scars seemed to be healing, Iceland’s decision to hold off repaying billions of dollars owed to the British government has reopened last year’s wounds.
If they don’t pay it back, it may well become yet another bailout – even if that wasn’t the intention.
Should Britain cut the noise and accept that whilst this might be the bailout they never wanted, it succeeded in calming things down?
Likewise, with the dust settling and things not looking as bleak as we might have predicted- should we accept that the bailouts did work? Continue reading ‘On Air: Are the bailouts working?’