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So you think UL/NL taxpayers should pay for the crimes of Icelandic banks and their government instead?
Hard to say. Depends on how the treaties look like and if the icelanders had something to benefit from them.
Take Argentina for example that basicly just nullified their foreign debt just because the debt in itself had no benefit to the Argentinian people from the start. The loans where just a scheme to steal from the Argentine people from the get go.
http://www.youtube.com/watch?v=MJbABYQ_pGY “Must see documentary, can be applied to most of the third world countries also”.
I my opinion a people can never be held accountable if their “rulers” have signed treaties that never benefited them in the first place. What Argentine did was in my eyes completely ok.