Bravo, Iceland!

When the BBC abandons any pretense at objectivity, you know there's a story. Listening to the BBC the last few days (the bias comes through more clearly on the air than on their website), you'd think that all Icelanders fantasize about becoming bank robbers. Now they've voted, by a 93% majority, on a referendum that rejects onerous terms for paying back the UK and the Netherlands for failed Icelandic banks. The establishment spin is that the vote doesn't matter, that the Icelandic government says it will pay back the money anyway. We'll see. It's not a simple question. The advantages that may accrue to Iceland from continuing to refuse to pay may well be substantial. And I would include on that list not joining the EU.