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Hmmm. . . you got me there.
Thing is Iceland doesn't have as much to lose as letting a majority of europe's and all of the US' banks fail seriously they don't have our tech industries, nor our large bussiness (in terms of actual size). We need tougher laws on Banks but letting them fall wouldn't do our economies good.. also Iceland is still recovering from their faults in financials.
.. and don't forget one or two volcanoes that would probably awake the moment you'll try to leave the country and your air polluted with a highly toxic ashes ... they're fucked anyways!
...even though Iceland is doing much better than most of Europe who keep the banks from bankrupting event though it is a large aspect as to why they (As well as the US) are in debt?
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