When the financial crisis hit Iceland, President Olafur Grimsson felt a great deal of pressure from other European nations to bail out the banks. But as he discusses here, he felt that democracy must not be trumped by the financial forces at hand. He put the issue to a vote, and credits the resulting public opinion with Iceland’s exemplary economic recovery.
President of Iceland Olafur Grimsson: On How He Dealt With Bank Crisis
By Sheeraz Raza
Updated on
