Sunday, May 29, 2016
Iceland does not want foreign investors
For now, investors aren't interested in the deal and wish to stay invested in Iceland, even as officials are clearly trying to push foreign investors out. What does that say about the world when some investors believe there is lower counterparty risk dealing with a government (Iceland) hostile to foreign investors than their own governments (US, UK) at home?
Iceland has rebounded since the financial crisis. The Icelandic Krona has stabilized against the Euro, the rate of change in inflation has slowed, and the country has recorded year-over-year growth in GDP each year since 2011.