Why would they be? Iceland jailed its criminal bankers.
"Iceland cleared of violations in landmark online bank case" by Andrew Higgins | New York Times, January 29, 2013
BRUSSELS — Iceland on Monday won a landmark case at a European court, ending an acrimonious legacy from the collapse of its banking system more than four years ago.
The court upheld the country’s refusal to promptly cover the losses of British and Dutch depositors who had put more than $10 billion in Icesave, the bankrupt online offshoot of a failed Icelandic bank.
In a judgment issued in Luxembourg, the court of the European Free Trade Association, or EFTA, cleared Iceland of complaints that it violated rules governing the protection of depositors drawn up by the European Union. While Iceland is not a member of the union, it is bound by most of its rules as a member of EFTA.
The case has attracted widespread attention because it touches on issues of cross-border banking that have been at the center of the European Union’s efforts to ensure the future stability of the region’s financial system.
The Iceland banking collapse in 2008 raised issues directly relevant to the 27-nation union.
Monday’s court ruling was a significant victory for Iceland. Unlike Ireland, Iceland declined to use taxpayer money to bail out foreign bondholders and depositors....
Yeah, and they were against bailouts for banks, too.
--more--"
Yeah, the Globe iced Iceland.
Also see: Icelandic girl wins right to use her given name
In Iceland, an app to avoid incest
This Florida Post Won't Fly
