Volt sadly im sure you are correct re the consequences.
Heres a reasonable explanation
http://en.wikipedia.org/wiki/Icesave_dispute
1/ Iceland Government borrowed no money at all. So they shouldnt pay anything to anyone. Fact!
2/Account holders earned much higher rates of return than term deposits in UK or NL. Thats called RISK!
3/UK gov calls Iceland a terrorist nation. They used anti terrorist laws against them. So just think about this next time they try to invade another nation in the name of terrorism. What a joke.
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