The Mudcat Café TM
Thread #153035   Message #3581273
Posted By: The Sandman
04-Dec-13 - 01:52 AM
Thread Name: iceland writes off debt
Subject: iceland wrires off debt
THE ICELANDIC GOVERNMENT has announced that it will write off household mortgage debt in order to kickstart the economy.

Under the plan, every household in the country will have €24,000 worth of debt written off.