Iceland and capital controls

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Iceland and capital controls: check the politics not just the economics

LONDON | By Sigrún Davíðsdóttir | Those who understood the Eurozone correctly were those who understood that politics mattered more than economics. It might very well be the same in Iceland: in order to understand the course of events regarding capital controls, foreign-owned ISK assets and the estates of the failed banks, politics might weigh more than the economics. And as in Europe the political weight might bode messy course.