The Iceland Syndrome


In The Washington Post, Pulitzer-Prize winning author and columnist Anne Applebaum warns that economic instability can lead to political instability.

“If you wanted to destabilize a country, wouldn’t this be an excellent time to do it?

And here’s a final, unpleasant thought: Pakistan. This is a country with 25 percent inflation and a currency in free fall; a country with a jihadist insurgency on its border with Afghanistan, permanent hostility on its border with India, nuclear weapons and a tradition of street demonstrations in response to suspect newspaper articles. Dozens of people, with all kinds of agendas, have an interest in using financial markets to destabilize Pakistan, and Afghanistan along with it. Eventually, one of them will.”

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