2014-02-08bloomberg.com

``Recall what Iceland did, by comparison, when its biggest banks went broke in 2008. It let them fail, because it couldn't afford to do anything else. It also hadn't adopted the euro and therefore could devalue its own currency. Now Iceland is doing reasonably well again... If freedom is what Scots want, they will need to get rid of RBS and stop looking to other nations for bailouts.''


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