CJ you really need to watch 'Inside Job" Iceland was one of the first to be led up the garden path by US companies like KPMG and others.
Iceland were once in a position where they were basically self sufficient, they had no debt to speak of, that was until US companies came along and told them that their banks could do much better and the US showed them the way, all the way to bankruptcy and all the time telling the people of Iceland that everything was looking great.
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