You're right that what happened in Iceland hurt Iceland. But I was addressing the more general point of why the Icelandic taxpayer should insure depositors from other countries.
> it’s illegal to murder someone regardless of the perpetrator or victim’s nationality
You're mixing up two things: whether the law as it exists was violated (in which case Icesave should of course be punished) and whether the law SHOULD protect foreign depositors. I'm discussing the latter.
> bank insurance applies regardless of nationality
I'm not well-versed in cross-border banking to say the least, but isn't that an opinion? One could just as well argue that Icelandic taxpayers shouldn't have to subsidise the British (as an example) public, by providing free insurance. If Britishers want insurance, it's up to their government to incur the costs, since it's the Britishers who'll be benefiting.
> it’s illegal to murder someone regardless of the perpetrator or victim’s nationality
You're mixing up two things: whether the law as it exists was violated (in which case Icesave should of course be punished) and whether the law SHOULD protect foreign depositors. I'm discussing the latter.
> bank insurance applies regardless of nationality
I'm not well-versed in cross-border banking to say the least, but isn't that an opinion? One could just as well argue that Icelandic taxpayers shouldn't have to subsidise the British (as an example) public, by providing free insurance. If Britishers want insurance, it's up to their government to incur the costs, since it's the Britishers who'll be benefiting.