Iceland

Many wonder what would have happened had the US not bailed out its banks. Well, Iceland did not and here is what is happening there:

Booming Iceland makes second early loan repayment to IMF

Iceland, whose economy has recovered rapidly following the 2008 collapse of its banking sector, on Friday repaid $483.7 million in loans to the International Monetary Fund.

From www.telegraph.co.uk (share this quote)