BBC News
June 24, 2011
Greece is not Iceland; the differences between the two countries extend well beyond the average temperature and contrasting attitudes to herring.
But watching the Greek crisis grind toward its umpteenth "crunch point", you can't help wondering why we hear so much about the country that's been desperately trying to win the markets' confidence for nearly two years, but so little about the country that, at the height of the crisis, basically told international investors to shut up and wait their turn.
So naturally, I opened this week's OECD survey of Iceland with interest. The contents are surprising on two fronts. The first surprise is that Iceland is doing pretty well, all things considered; rather better than Ireland or Greece.
The second surprise is that the OECD thinks the lesson of the past few years is that Iceland ought to join the euro.
I promise you I am not joking, but before we go on, let me give you some vital statistics.
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