Their permanent representative in Iceland, Franek Rozwadowski, said

'If interest rates are reduced too much or too fast, it could put unfavourable pressure on the Icelandic crown, leading to its further devaluation,'

well this is what IMF , left behind in Argentina .

http://video.google.com/videosearch?q=argentinas+economic+collapse&emb=0#
Burnin flames .............. sad it is .

And this Franick , no one trust him or them here in Iceland .

We just dont trust these folks .