Quote:
Originally Posted by Xellos-_^
1. anyone knows if Iceland has a FDIC insurance for bank deposits?
2. were those banks private or government own banks?
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I'm not sure about the first question, but the banks of which you are speaking, do you mean the ones in Iceland that were in trouble? Those were private, I believe, but when they went under, most - if not all - were nationalized.
I'm a bit surprised that the U.K. want the repayment terms signed into law, though. Debt owed by a country is usually guaranteed by that country's good faith only. Defaulting, while not a "good thing", is acceptable, esp. if the debt repayment harms the country in some way. Is this because it is a straight loan by the U.K. and the Neitherlands? If the current government in Iceland falls because it has signed this into law, why would the replacement government then allow it to continue?
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