iceland is interesting, they had all those really high interest rates for saving accounts, worked out that if the banks were to close, then the repayments would be £10,000 per person in Iceland. and they have no scheme that protects the savings of foreing savers.
Well Kaupthing in Iceland (their other big bank) is now under state control & they've suspended their stock exchange.
So if this whole sitiation is as bad as the media will have us believe, why have I had 3 pre-approved priority loan offers & 4 zero % tranfer/purchases credit card approval letters in 3 days?