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gibonos · 12-11-2009, 03:19 PM

I think we have to define bankrupcy.

For me the fact that IMF and Russia
http://www.nowpublic.com/world/imf-kiss-death
http://www.bloomberg.com/apps/news?p...d=a3FLoXHmazOs

is even worse than bankrupcy!
When your clear your debt (chapter 11) and say GTFO it's my country, your banks screwed this up, not the people.

In reallity the country is now owned by third parties, which can dictate what the reforms should or shouldn't be, they have to secure thier investments.

gibonos

12-11-2009, 03:19 PM	#3
gibonos Avalon Senior Member Join Date: Nov 2009 Posts: 192	Re: Iceland is not bankrupt (yet) I think we have to define bankrupcy. For me the fact that IMF and Russia http://www.nowpublic.com/world/imf-kiss-death http://www.bloomberg.com/apps/news?p...d=a3FLoXHmazOs is even worse than bankrupcy! When your clear your debt (chapter 11) and say GTFO it's my country, your banks screwed this up, not the people. In reallity the country is now owned by third parties, which can dictate what the reforms should or shouldn't be, they have to secure thier investments. gibonos