I understand where you're coming from, Arthur, but the simple fact is that these are not the debts of the Icelandic people, so why should every man, woman and child in Iceland be expected to pick up the tab whilst those whose debts they undoubtedly are, the Banks, escape their liability.

It's not the people of Iceland who are running away from their debts, they aren't their debts in the first place. It's the Wanker-Bankers doing the running.