Spain's unemployment jumps to 26.02 pct

[Purplehazed]

9. Iceland crisis was different

The crisis in Iceland was a collapse of the banking system not a debt crisis caused by government overspending like Greece, Spain, Italy.
The Iceland government had some cash to help deal with the problems. Apparently they did things right, including austerity measures and placing the banks in receivership at the same time relieving a lot of debt. They didn't truly nationalize the banking system and are selling off shares of one of the larger banks.

Iceland received cash from outside to help with the crisis. There were some prosecutions of banking exec's. I wouldn't think that Iceland banks were paying multi-million bonuses in the midst of their troubles.