Little Iceland kicks UK in the face

http://news.bbc.co.uk/2/hi/business/8444829.stm

"Icelandic President Grimsson: "The view that we will not honour our obligations is completely wrong"
Iceland's president has told the BBC's Newsnight programme that the country will pay its debts to the British and Dutch governments."

 

The attached graph might display price and yield of Iceland Treasury Note maturing 17 May 2013.

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2692901 \img>

 

Yeah, sorry. I even tried editing your post and setting up the link via VB, but the filter grabs it there too. Evidently Baron has restricted that word as a preventative measure against spam.

 

Can someone recommend a reputable commercial real estate broker in Reyjavik

 

let the royal navy pretend to revisit the glory days of invading the Falkland islands. one russian submarine nearby and they will make a quick about face.

 

Er.. kicking out a foreign power that had invaded the islands, don't you remember?

 

of course u stated the course of events correctly.

 

Everyone is vulnerable to such ambush, it isn't third-world anomaly, it is just easier to do with third-world countries, because debt and equities markets are traded in US, or other western countries.

 

Don't get me started on the Greek situation... It's a LOT more involved and f*cked up, that's for sure.

 

Ha! Ain't karma a bitch LEH?