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Well, the Irish bank guarantee in 2008 happened after Lehman and was more of less simultaneous with Dexia, Fortis and Icesave. I'm not sure the ECB had any particular role in forcing the governments of France, Belgium and the Netherlands to bail out Dexia and Fortis.

What we do know is that Iceland got applied the anti-terrorist act and had its state assets seized by the UK for refusing to guarantee nonresident deposits.

I distribute. You re-distribute. He gives your hard-earned money to lazy scroungers. -- JakeS

by Migeru (migeru at eurotrib dot com) on Sun Oct 14th, 2012 at 05:55:03 AM EST
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