Indeed, and I speak of personal experience. Do note that many of our compatriots put more money into IceSave than was covered by the bank guarantee system. Hen

Indeed, and I speak of personal experience. Do note that many of our compatriots put more money into IceSave than was covered by the bank guarantee system. Hence, they did not deserve to be made "whole" (they took a risk, willingly, for a higher return). Also note that The Netherlands single-handedly increased the max. amount to 100k euros, then demanded that the Icelandic people repay them, which isn't really right either. Sure, there were major issues in terms of lack of oversight and irresponsible investments resulting in risk of insolvency in case of a "bank run", but the "greed" of the UK and NL consumers dropping their life savings for one extra percentage point should not have been rewarded. Lastly, I seem to recall that Iceland has agreed to repay most of it in the long run (though I may be mistaken, that proposal has been voted out and reinstated several times, and I'm too lazy to find out the latest status)