Nordic Nations Pitch For US Data Centers

judgecorp writes "Nordic nations are all pitching for business from data centre owners, based on their countries' excellent network provision, plentiful electricity from renewable sources, and a climate where servers can be kept cool cheaply, using the ambient air temperature, with no need for chillers. A Swedish delegation is visiting California to lure other players to follow Facebook into Sweden. Meanwhile, Iceland now has a new multi-tenant data centre to join the existing Thor site, and Denmark has a container-park data centre for its financial industry."

Comments

Re:Iceland???

[dkleinsc]

It wasn't quite "allowing the banks to fail" in the sense that the Icelandic equivalent of FDIC kicked in and the banks were nationalized, but the key thing was that Iceland spent absolutely no cash on trying to bail out holders of stocks and bonds. It's that combination of socialism and capitalism that is not uncommon in European nations: The socialism is enough to ensure that you'll survive. The capitalism means that if you're invested in a big bank, or a CEO who's made some dumb decisions, you take your losses.