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Because they (or admittedly, their government) agreed to providing bank deposit guarantees.
by aristidb 16y ago
Because they (or admittedly, their government) agreed to providing bank deposit guarantees.
- JoachimSchipper 16y agoAnd got loans on really nice terms from the British and Dutch governments.
- _delirium 16y agoThat seems to be one of the points of dispute, whether they (Iceland as a whole) are on the hook for the deposit-insurance scheme, or if it operated as a separate entity that is now bankrupt. It appears that all the money in the deposit-insurance fund was paid out, but external creditors want Iceland to top up the fund out of general taxes.