The first article is on what countries may be the next Iceland. Great Britain is at the top of the list. In contrast, Spain apparently weathered the first round of bank collapses because of a particular set of regulations on their banks.
What's the best expert (non-ideological) analysis of this?
Regulation levels and types seems to me to be an important thing to get right, but discussions can be quickly perverted by libertarian and redistributive ideologues.
"While their European peers have required government bailouts over the last few months, Spanish banks have benefited from Bank of Spain regulation implemented after the Spain's last economic crisis which obliged them to build up a cushion of provisions."