Iceland on the Thames Can Countries Really Go Bankrupt?

The bailout packages aimed at shoring up financial markets in Europe are getting increasingly expensive. A creeping depreciation of currency is inevitable and state bankruptcies can no longer be ruled out. Could the euro zone also fall victim to the global financial crisis?
Von SPIEGEL Staff
Great Britain is on the brink of financial ruin.

Great Britain is on the brink of financial ruin.

REUTERS
Iceland is as good as bankrupt: Will other European countries follow?

Iceland is as good as bankrupt: Will other European countries follow?

DPA
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