The top news story on yahoo when I looked briefly at o'dark 30 this morning was that Iceland might have to file bankruptcy. I wasn't aware that was an option for a country (even if a $700 billion bailout is). When you think of international banks on islands, Grand Cayman is more likely to come to mind. I don't read a lot of financial news, but it seems like all the recent financial crises worldwide are coming as a shock to most of the population (although a subsistence farmer in rural Africa may not care at this point in time). Why?
Yes, the whole situation in Iceland is very frightening. Makes me wonder if tiny countries like Switzerland are safe too...is money safe anywhere these days?
Yes, the whole situation in Iceland is very frightening. Makes me wonder if tiny countries like Switzerland are safe too...is money safe anywhere these days?
ReplyDelete