Europe should let banks that are ran "irresponsibly" go bankrupt says Iceland President Olafur Ragnar Grimsson.
Speaking at the annual World Economic Forum in Davos, Grimsson also held his country as a model of economic recovery after its near-collapse four years ago.
"We didn't follow the traditional prevailing orthodoxies. And the end result four years later is that Iceland is enjoying progress and recovery."
Published on Jan 25, 2013