Will Iceland be officially bankrupt by the end of the year?

Suspend date: Wed 31st Dec 2008 8:59pm PST
Settlement date: Thu 1st Jan 5:47pm PST
Prediction cut-off: Predictions on this question after Wed 31st Dec 2008 3:59pm PST have been voided because they were made after the question could be settled

Initial likelihoods: Yes: 20%

Action history:

Created Thu 9th Oct 2008 4:29pm PST by hect0r

Changed Description Sun 12th Oct 2008 8:39am PST by infernalmachine: show details

... krona has also encountered problems.<br/> <br/> Some background. From the Icelandic POV we have <a href="http://www.icenews.is/index.php/2008/10/07/iceland-economic-update-full-analysis/">http://www.icenews.is/index.php/2008/10/07/iceland-economic-update-full-analysis/</a> and from the POV of British investors in Icelandic banks <a href="http://marketoracle.co.uk/Article6749.html">http://marketoracle.co.uk/Article6749.html</a>. Interestingly, there is a certain amount of frustration going both ways as a result of the crisis: <a href="http://www.icenews.is/index.php/2008/10/12/the-guardian-publishes-icelanders%E2%80%99-stories/">http://www.icenews.is/index.php/2008/10/12/the-guardian-publishes-icelanders%E2%80%99-stories/</a>.

Suspended Wed 31st Dec 2008 8:59pm PST : Suspend date reached

Settlement requested Thu 1st Jan 5:28am PST by orlin: No such statement.

Settled as 'No' Thu 1st Jan 5:47pm PST by infernalmachine: Iceland has not declared itself officially bankrupt.
http://www.guardian.co.uk/world/2008/dec/22/iceland-recession-banking-collapse

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Suspend date: Wed 31st Dec 2008 8:59pm PST
Settlement date: Thu 1st Jan 5:47pm PST
Prediction cut-off: Predictions on this question after Wed 31st Dec 2008 3:59pm PST have been voided because they were made after the question could be settled details