iceland sharemarket off 76 precent, page-13

Big news here in Guernsey Channel Islands.
The british government have loads of money tied up in Landsbanki bank.The UK Government was quick to step in to reassure those with Icesave accounts that their cash was safe, it remains unclear how quickly that money will be returned. It has also raised questions over the safety of savings in other foreign-owned banks.Chancellor Alistair Darling has said that if the Icelandic compensation scheme is unable to pay out, UK savers will not lose any cash. The Financial Services Compensation Scheme will step in to cover depositors in full, even beyond the £50,000 cap.


For the people in Guernsey,being apart of the Britih isles,Not British controlled,having it's own government and currency depositors here are looking likely to loses there life savings.