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World Service,1 min

Should we allow banks to fail?

The Inquiry

Available for over a year

After the global financial crisis of 2008, Iceland allowed its banks to fail and prosecuted its bankers. Dr Jay Cullen teaches banking and finance law at the University of Sheffield in the UK. Why didn’t countries where banks went bust follow Iceland’s example? [Photo: Logo of the Central Bank of Iceland. Credit: Getty Images]

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