With Iceland on eBay and the world on the rocks, this is another Berlin Wall moment

Iceland went on sale on eBay today. Reuters reports. More from the Telegraph here. The listing, of course, has now vanished. It does sound like the Internet equivalent of a painting by Dali. But then so does the Times' front page this evening:Senior UK sources at the IMF in Washington conceded tonight that if the British Government's £400 billion bailout fails, the only option left to stabilise the economy and financial system could be wholesale nationalisation of the UK banking system. The gravest warning so far during the global financial crisis came after one of the worst days on stock markets since the 1987 crash as panic selling swept around the globe, wiping an estimated $831 billion from the value of banks and industrial companies world-wide. Finance ministers and central bank chiefs from the world's big economies have... [read full story]                    

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