Iceland’s bankrupt: Is this where NZ is going?
Posted on: December 12, 2008
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.
However, I think by now it is obvious that I am not going to agree 😛 Our stock of debt is equal to one years income – I don’t see how this is unsustainable!
So tell me – are we heading towards bankruptcy, are we heading towards a bumpy ride, or are we heading towards more “golden weather” 🙂
3 Responses to "Iceland’s bankrupt: Is this where NZ is going?"
December 13, 2010 at 2:47 am
the world is going into recession look at Europe
agnitio
cpworthington
dant03
goonix
metrosideros
rauparaha
Robbie Allan
stevedoogue
Matt Nolan
The visible hand in economics 
March 25, 2010 at 8:27 am
all the small economies are going to struggle for the next 5 years