I think part of the problem with Greece and Ireland is also that they are part o... | Hacker News

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		dataminer on Dec 20, 2012 \| parent \| context \| favorite \| on: The economic return of Iceland has proved that the... I think part of the problem with Greece and Ireland is also that they are part of EU and are no more sovereign and in full control of their financial policies.

waterlesscloud on Dec 20, 2012 | [–]

Ironically, Iceland's application for EU membership is cited as a major factor in its recovery.

The story here is not all that simple.

MaysonL on Dec 20, 2012 | [–]

Not just part of the EU, but members of the euro zone: i.e., they have neither their own currencies nor their own central banks.

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