http://fistfulofeuros.net/afoe/economics-and-demography/frosty-relations-in-the-north-atlantic/ European Opinion Sun, 05 Jul 2009 17:31:24 +0000 http://wordpress.org/?v=2.6.3 http://fistfulofeuros.net/afoe/economics-and-demography/frosty-relations-in-the-north-atlantic/#comment-22386 Tobias Fri, 10 Oct 2008 00:38:51 +0000 http://fistfulofeuros.net/?p=3687#comment-22386 The German branch of Kaupthing has been shut down as well yesterday evening. Will be interesting to see what this case in particular will add to the upcoming round of global financial regulations. Icelandic banks balance sheets are apparently 10 times the small country's GDP. The Icelandic Crowen is trading at record lows, the IMF is on site. This is already a de facto sovereign default crisis. The German branch of Kaupthing has been shut down as well yesterday evening. Will be interesting to see what this case in particular will add to the upcoming round of global financial regulations. Icelandic banks balance sheets are apparently 10 times the small country’s GDP. The Icelandic Crowen is trading at record lows, the IMF is on site. This is already a de facto sovereign default crisis.

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