Deuda, Redrado e Islandia

Y Ud dira que tiene que ver? lea lo que dice Financial Times

What do you think?

by FT

There is a difference of opinion within the FT over the Icelandic president’s decision to block a deal to repay the UK and the Netherlands more than €3.9bn lost by savers in a failed Icelandic bank.

Lex write that if Iceland refuses to repay the debt, it risks becoming an international pariah. However, the FT’s editorial argues that Iceland should not be put in a debtors’ prison.

Martin Wolf’s view: “This is not about cutting a running deficit, which is, indeed, unavoidable. It is about forcing innocent people to assume gigantic liabilities for which they have no legal or moral responsibility. How would UK citizens feel if they were forced to assume a debt of £400bn because of HSBC’s failure to meet deposit insurance liabilities in Asia? Let the UK take the bank’s assets and leave it at that.”

Aha,