Word: bruegel
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Dates: during 2010-2019
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...Andre Sapir, a senior fellow at Bruegel, a Brussels-based economic think tank, is also sympathetic. "The rules on sovereign debt and banking are slightly fuzzy," he says. "The best way to resolve this would have been with arbitration through an impartial court, but the U.K. and the Netherlands refused." The country of Latvia, which suffered its own monumental economic collapse last year, says that Iceland is being ganged up on because of its size and relative unimportance. "Is this reaction due to the fact that Iceland is a small country?" Latvian Foreign Minister Maris Riekstins asked...