[Zorain]

I heard on the news last night that Iceland may go bankrupt? What are the factors that lead to a country going bankrupt?

[George_1950]

Welcome to AMHD. Check this: "A financial avalanche is hitting Iceland's tiny economy, as the bill from years of heavy borrowing has come due amid the global credit crisis, leading to a tumble in the currency and distress in the banking system." Financial avalanche hits Iceland amid global credit crisis - MarketWatch