The Next Iceland
January 29th, 2009Britain, Latvia, Greece, Ukraine and Nicaragua.
Via: Foreign Policy:
FP looks at five countries on the verge of following Iceland to economic ruin and political meltdown.
Research Credit: Lagavulin
cryptogon.com
news – analysis – conspiracies
When I read this article elsewhere yesterday, I read this passage from it and hung my head in shame over the way I lionized the Sandinista regime when I was a young know-it-all leftist hellion in college:
To make matters worse, Ortega’s increasingly authoritarian tendencies have earned him the enmity of developed countries, which Nicaragua depends on for aid. In the run-up to municipal elections in November, Ortega’s government disqualified two opposition parties, sent police to intimidate his regime’s leading critics, and banned independent local and foreign observers from monitoring the election.
And I could discuss things that are even worse, but I don’t want to stray too far off-topic. To the credit of the membership of the FSLN (the official Sandinista organization in Nicaragua), there is a substantial faction that wants Ortega and his corrupt communist cabal out and gone.
As to the rest of the article, I am unsure that a collapse of Greece, Nicaragua, or Latvia could be the thing that makes everything else go haywire. Great Britian or the Ukraine (which is a large and somewhat populous country that was a major province of the old USSR) going under, however, could probably precipitate a real international economic disaster.