Each week, a professional investor tells MoneyWeek where he’d put his money now. This week: Olafur Olafsson, chairman, Samskip.
Waves of celebration were felt across Europe last week as a successful Greek government bond sale sparked a rally in other ‘peripheral’ countries’ debt markets. Investors should turn their attention to the northern periphery of Europe, however, as Iceland continues its recovery from its collapse in 2008.
The resurgent country recently posted its seventh straight quarter of growth, an achievement that puts the Greek recovery into perspective.
Since the crash, unemployment in Iceland has halved, exports are up and the nation’s [...]
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