The European countries are slowly domino effecting each other. Iceland. Greece. Portugal. Spain. Italy. Who is next?
It is already getting faster.
Should we exchange our Euros to BTC?
Iceland doesn't really belong in that set. It's not in the EU. Iceland did the sensible thing years ago: default. It's now recovering from the recession better than any of these other basket cases who are stuck in the Eurozone.
All these others are going to have to default in the end; you can't fight economics.
What's weird is all this bail-out stuff. It might be the first time in history that the phrase "bail-out" has been used to describe the act of bailing water
into the boat.
