# Culprits
A Times columnist parrots the usual line:
Iceland was brought down by its bankers. Britain came dangerously close
And a while ago, another view of what sent Iceland over the brink, also from the Times:
Brown's response? To seize the UK assets, not of the bank that ran Icesave, but of a wholly unrelated bank, Kaupthing, thereby collapsing it. Icelanders, who had been expecting to negotiate a guarantee to British depositors - eventually agreed on Monday - were stunned. They couldn't bring themselves to believe that the leader of a country they admired would destroy their last solvent bank simply to give himself what Labour MPs have since called "his Falklands moment".
File under: world : {2009.12.18 - 17:16}
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