Iceland, a small nation with just 320,000 inhabitants, is reeling under the weight of billions of euros of debt, which has absolutely nothing to do with the vast majority of its population and which it cannot afford to pay . . .

But British Prime Minister Gordon Brown is wrong when he says that he and his government have no responsibility in the matter. First, he has a moral responsibility, having been one of the main proponents of this model which we can now see has gone up the spout. Second, he cannot say that the UK had neither the means nor the legitimacy to supervise Icesave's activities. By Eva Joly on the Telegraph Mobile website, 15-Aug-09.

http://m.telegraph.co.uk/article/5961143/