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I see no case where Icelandic taxpayers should have to pay anything.
The situation is entirely absurd: it was a deal between private Icelandic interests and private British interests. Since when does the debt of an individual to a foreigner automatically fall into the hands of the state if the individual can't pay?  

Peak oil is not an energy crisis. It is a liquid fuel crisis.
by Starvid on Tue Aug 18th, 2009 at 04:32:14 AM EST
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