UK Daily Mail: “Iceland’s banking system is £35billion in debt – the equivalent of an incredible £116,000 for every man, woman and child on the island, it was revealed today. With a population of just over 300,000 – less than that of Norwich – a miniscule economy and banks deeply involved in global markets before the meltdown, Iceland is on the bring of national bankruptcy. It will cost Britain too. British taxpayers are likely to have to pay out at least £2.4 billion to compensate hundreds of thousands of account holders at Landsbanki, the Icelandic lender.”