Iceland had the last laugh on Ireland says top financial writer

Could Kerry Gold serve for sovereign collateral?

"'What these investors see is that,” writes White, “by burning the bank bondholders rather than taking these debts on to the national balance sheet, the Icelandic sovereign is in a far stronger position to repay any future debts.'" Exactly what I and other sensible posters have been expressing throughout the "crisis." Ireland's self defeating actions demonstrate the toxic influence of the anglo-sphere over the Dublin establishment.

I've also went to Iceland, primarily to celibrate their passing marriage equality and giving full respect to their LGBT folks. wonderful country, about 90,000 of the 220000 in Reykjavik come out to view the pride celebration...........And according to what I read they are the best educated people in Europe and fortunately the catholic church has almost zero presence there.... I wqish I could move there but there are 3 adult children and 3 grandchildren here and what I spent on their education doest allow two homes - the winters are not fun there, but the summers eg mid august 55 F early AM 70 to 75 in the PM. I guess we cant have everything.

I've been in Iceland. It's a very homogenous country ethnically. Little or no Mass Immigration. Compare that with the ethnic cacophony of Ireland, where more than 100 nationalities compete for lebensraum. A lesson for the dopey Irish ruling class, but one they won't take.

All inflation is caused by government. Government prints the money and government can too easily print too much. Iceland opted out of taking most of the EU/IMF bailouts and has all but eliminated income taxes of its citizens ... One might also note that Iceland owns more Gold than does Ireland ... go figure.

Ireland is a member of the European Union, Iceland is not, Germany would never allow Ireland to default, banks all across Europe would collapse.

by the end of 2013, there is no way the Irish sovereign can repay existing borrowings let alone any new loans it may seek to raise.” That was the whole idea- auto genocide once again for the wee Irish and loss of sovereignty. That is what the Queen was doing in Eire at Cashel, while everyone thought it was great. Oh it was great all right. Only those with eyes saw what was actually unfolding behind the veil of illusion. "Fool me once, shame on you, fool me twice shame on me"