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View Diary: Iceland Solves Banking Crisis by Indicting Bankers, Forcing Mortgage Relief (191 comments)

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  •  Correct me if I'm wrong (1+ / 0-)
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    elwior

    But I think they have made a lot of progress on the Icesave front, which contributed to Fitch's willingness to upgrade their debt.

    There was a diarist moving to Iceland, and he pointed out that Iceland ultimately agreed to a compensation package for foreigners on the second or third try. So foreign Icesave depositors were stiffed initially, but that is now resolved or near resolution.

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