Crippled by Debt Iceland Needs Debt Management, Not 'Macho Posturing'

Dutch politicians and lobbyists are demanding the government of Iceland repay money its citizens invested in the country's ill-fated banks. But leading Dutch economist Sweder van Wijnbergen argues their outrage is misplaced and that a rational approach is necessary if people want to get their money back.
A protest in Reykjavik in 2008 over the IMF bailout of Iceland's financial system.

A protest in Reykjavik in 2008 over the IMF bailout of Iceland's financial system.

Foto: HALLDOR KOLBEINS/ AFP