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Why didnt Iceland have a NAMA?

Bob Z · 2009-09-17 14:24:59

If NAMA is good why didnt Iceland do the same?

17-09-2009 2:24pm

#1

Bob Z

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If NAMA is good why didnt Iceland do the same?

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#2 17-09-2009 2:26pm

kippy

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I believe membership of the Eurozone had a lot to do with the differences between Iceland and Ireland.
Thats about it I think.

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#3 17-09-2009 3:11pm

thebman

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Yeah Iceland are bankrupt, Ireland is bankrupt and the EU are bailing us out.

That's the difference.

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#4 18-09-2009 10:38am

SkepticOne

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As far as I know their main banks failed and were nationalised and are still under state ownership.

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