Iceland no to austerity - Economy Booming Sept 16, 2012 7:58:04 GMT -5 Quote Select PostDeselect PostLink to PostMemberGive GiftBack to Top Post by corrupteire on Sept 16, 2012 7:58:04 GMT -5 Iceland is booming, unemployment now 6%, growth 3% .upload.wikimedia.org/wikipedia/commons/thumb/c/cd/Map_of_Iceland.svg/300px-Map_of_Iceland.svg.png[/img]Just four years after Iceland's major banks collapsed and the currency plunged in value, the nation is now being praised by the IMF.The country has seen a return to strong growth and has spared its citizens many of the austerity measures felt elsewhere in Europe.Go to the BBC Link to watch the videowww.bbc.co.uk/news/business-19599449