Countries going Bankrupt
Two days back Iceland went Bankrupt. Lot of British investors had exposure to Iceland and as a result Britain used anti-terrorism laws to freeze the assets of Iceland. I guess countries are now going to look at their own interest & fight this financial crisis just like they would fight a war – and then say everything is fair in a war.
It makes you wonder where does it stop. Global financial crisis is no longer restricted to just banks & investment bankers but it has literally spread to every nook & corner of the world. This time the virus leathal & spreading at the speed of light.