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Actually no, they are not saying we are going bankrupt, the world media is.
by pjesi 18y ago
Actually no, they are not saying we are going bankrupt, the world media is.
- marvin 18y agoThere's not a chance the Icelandic government will actually go bankrupt. It would be historic. Sovereign states do go bankrupt once in a while, but I've never heard of one choosing to bankrupt itself in order to partially pay off the bad debt of a corporation. If Iceland has obligations to some of these companies, they'll likely just default on the debt. The end result would be the same, but perhaps with somewhat less political turmoil.