>Iceland did what any sovereign nation should do in that situation. They fixed it, and importantly they did it not by bailing out the bad guys but by taking eve

>Iceland did what any sovereign nation should do in that situation. They fixed it, and importantly they did it not by bailing out the bad guys but by taking everything from them! Well, you can always solve your debt problems by refusing to pay creditors. I wouldn't read too much in to the doings of a country with the population of a mid-sized city.