We, members of the Icelandic nation, are truly sorry for the problems we have caused, and plead guilty with an explanation. Apart from a brief interlude during the era of the Vikings, we have pretty much kept to ourselves, sitting on a rock in the middle of the ocean. During the last 3 decades of last century we managed to build up a fairly nice and open economy, where everyone had equal opportunity to succeed, get educated, get taken care of if they got sick, with politicians which were unable to do much damage as everyone pretty much agreed how things should be. WSWS: Iceland faces national bankruptcy.