Iceland bank ruling finds UK was the greater fool
Sum’s gone to Iceland
A European court has ruled that Reykjavik didn’t break depositor protection laws in 2008, when UK and Dutch taxpayers paid for its bust banks. The verdict pans British and Dutch naivety. That’s fair, but it will complicate the drafting of new cross-border bank resolution plans.
This content is for Subscribers only
To access full Breakingviews.com content you must be a subscriber. Please use the following link to request a trial.