FP looks at five countries on the verge of following Iceland to economic ruin and political meltdown.
Hint - #1 on the list's banks were within 3 hours of collapsing
Here is the core of the UK's Problem:
The $4.4 trillion of foreign liabilities accumulated by UK banks are twice the size of the British economy. UK foreign reserves are virtually nothing at $60.6bn…
This is a smaller version of the global problem.
