Iceland’s bankrupt: Is this where NZ is going?
Posted December 12, 2008on:
So we all know that Iceland is bankrupt – what is the situation like for New Zealand?
A few of the stories I saw when Iceland first went into massive trouble were here, here, and here. At the time the comparison was so popular that there was a Dom Post article on the risks of New Zealand’s current account.
So tell me – are we heading towards bankruptcy, are we heading towards a bumpy ride, or are we heading towards more “golden weather”