Interesting read about how Iceland basically just shrugged off any chance of joining the EU b/c the Government and its people have voted, again, not to repay money lost by PRIVATE BANKS to foreign citizens.
Let me repeat: The EU is declaring financial war on Iceland b/c the Icelandic .gov won't repay money that PRIVATE BANKS lost to non-Icelandic citizens.
They are going to be denied entry into the EU, banks and brokers are downgrading their bonds and they will be made a pariah on the international stage b/c they aren't willing to jump on the same band wagon as other 1st world governments who all says "banks are too big to fail".
Man I wish my country had balls like this.
On a side note, if Iceland has to live with itself, at least the average Icelandic lady looks like this