I think the ordinary Icelandic people were happy enough to go along with the financial geniuses when they were raking in the profits. Now the people whose money they spent want it back. They can't take the land, it's not worth much for agriculture, though Russia or even perhaps China might like a military base there. The energy is geothermal, so that's not readily exportable either. The scenery and beautiful sunsets and midnight sun are only worth what tourists will pay, and they are in short supply just now. But fish... everyone wants that, European, Japanese and North American coastal waters have been hoovered clean, and the Chinese aren't far behind. All of them are already squabbling over African, South Atlantic and Pacific stocks. Iceland has done a great job of conserving their own fish, but their supply will be swallowed by the big (fish) powers in one mouthful. There will be deep mourning about this among environmentalists, but Iceland's attitude to whaling will leave little sympathy among them for the erstwhile proprietors.