Comment: Did you? Did you follow any of the links?

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In reply to comment: Yes it is.... (see in situ)

Did you? Did you follow any of the links?

We can default on certain things. The banks in Iceland defaulted on international debt.

In my opinion it's all connected, though. The IMF was behind a lot of our trouble.

"Once it became clear back in October 2008 that the island’s banks were beyond saving, the government stepped in, ring-fenced the domestic accounts, and left international creditors in the lurch. The central bank imposed capital controls to halt the ensuing sell-off of the krona and new state-controlled banks were created from the remnants of the lenders that failed."

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