Quick Icelandic banking redux

Just for the avoidance of doubt: 1) the democratically elected Icelandic government, under EU/EFTA financial regulation equivalence rules, agreed long before the crisis even began that it would guarantee compensation of the first EUR20887 of deposit to retail depositors in Icelandic banks from other EU countries. 2) the Icelandic banks, with explicit permission from the … Continue reading Quick Icelandic banking redux