Archive for February, 2010

CAN’T PAY, SAYS ICELAND

Monday, February 1st, 2010

As soon as the Landsbankii, parent of Icesave bank collapsed in 2008, an icy issue was sure to be produced. Now, Britain and the Netherlands are demanding money from Iceland for the losses incurred to them in the collapsed online bank. Iceland, on the other hand, simply says that firstly it can’t pay and secondly, it won’t pay. Now, it’s all a matter of who’s going to oblige to compensate foreign savers.
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