"Iceland’s example suggests Ireland’s basic banking essentials might well have survived if it could have imposed capital controls at the same time. But Iceland turned its back not only on bondholders, but depositors who rightly thought they were ultimately insured by the Icelandic sovereign. As it was, the U.K. and the Netherlands picked up the bill for Icesave’s foreign depositors. The case of whether Iceland is obliged to make good on that money is now wending its way through the international courts."
Alen Mattich i Wall Street Journal om Islands hantering av finanskrisen.