Quote Originally Posted by Tellos Athenaios View Post
I don't have money amounting to the full value of my student loan either, right now, but that doesn't mean I should not have to pay it back over the course of time. That's what debt (re)structuring is for.
You signed that loan, the people of Iceland did not.

That said, if their government had a signed guarantees for the bank, then they would be liable...but collecting is another matter. I am still unclear as to the exact nature of the obligation to the Government.

It sort of seems like if the US expected the British citizens to cough up the money for the Gulf oil spill if BP went under.