Financial woes claims a country...

My biggest concern is that once that country bankrupts, it will trend all over the world like chain reaction.
 
Oh wow! So that means Iceland is on the verge of a Great Depression?
 
Iceland has a population of 400,000. Their gross domestic product is $14 billion, and their biggest four banks owe foreigner creditors more than $100 billion. This is like biggest four banks of USA owing more than $100 trillion to foreign banks.

Seems like their banks borrowed way too much money for a country of their size.

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