Former US President Bill Clinton spoke at a business conference in the Faroe Islands’ capital Thórshöfn yesterday, but left for Denmark last night. Clinton said the Faroe Islands should invest in the global market and follow Iceland’s lead.
“After you have established a capital stock you can invest elsewhere and have influence far beyond your size,” Clinton said in his speech, as reported in Morgunbladid. “Just look at Iceland. How many prominent European entrepreneurs come from Iceland? They have made an impact far beyond their size in the European economy.”
Clinton added the key to success for the Faroe Islands is confidence and cooperation. “That is what your community is about. […] You can play a big part in Europe and in the world simply by using what you have.”
“I like it here in the North Atlantic […], I often go to Iceland and I have worked there a little. The Icelandic government is working on climate change issues, which is very exciting,” Clinton said.