SQ Transp 2048

Bloomberg reports that the IMF has identified Iceland's refusal to bail out bank creditors and its subsequent imposition of capital controls as the reason for its survival of the GFC. Should NZ ever find itself in a similar position, the use of such controls will likely be prohibited by the imminent Trans-Pacific Partnership Agreement (See also the recent  analysis of the TPPA by Jane Kelsey and Bill Rosenberg).

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