Icelanders have rejected demands from England to repay US$5.3 billion blaming the debt on the 'gross negligence' of Iceland's former Prime Minister Geir Haarde and central bank chief David Oddsson during 2007 and 2008.
With Gordon Brown pledging legal action against the Icelandic government for refusing to honour its obligations, Iceland's pagan god Thor has lashed out at the foreigner, erupting one of Iceland's dormant volcanos on the Eyjafjallajökull glacier last Thursday [Þórsdagr Thor's Day] and sending plumes of ash southwards over the UK.
It's about time the gods looked after the rights of the ordinary citizen.
Corporate UK is now taking its financial medicine, with downed flights costing $200 million a day.
Financial services firm at the heart of unfettered Wall Street gambling, Goldman Sachs, helped the Greek government to mask the true extent of its deficit with the help of a derivatives deal that legally circumvented the EU Maastricht deficit rules. Lehmann Bros, Citibank and corporate financial gamblers and the international deregulators that fuelled predatory lending need to be held accountable for gambling the economic wealth of nations like Iceland, Mexico and Greece.