Monday, April 19, 2010

Iceland To England: Can We Pay Our Debt With Ash-tercard?

First, Iceland's Icesave loses billions of British pounds through overconfident, underinformed investment shenanigans*, then the Icelanderinos refuse to pay, and now they're shut down all air traffic into Britain. It's really been a pretty sweet year or so for Björk & co.

And the latest British solution to stranded tourists? A reverse Dunkirk -- sending Royal Navy warships to Europe to pick up stranded civilians. No word yet whether the Spanish Armada is up for a rematch.

* I.e., American-style investment banking.

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