Stores in Iceland are emptying out and the country only has two weeks of imported food left. How does a small island country buy and have goods shipped to it when no one will accept their currency? Their stock market reopened today, then dropped 77%. Norway just priced shares in the now nationalized banks of Iceland at zero. Yes, zero.
The Baltics could be next.
Two major banks in Scotland just failed and were taken over by the British government. Would an independent Scotland have had the financial resources to handle that on their own and is the dream of Scottish independence now dead?