Iceland - defending national sovereignity

The response of the Icelandic people to the banking crisis that smashed the false economy of Iceland - based around internet banking and a national debt of 900% of its GDP - has been astonishing and inspirational. But we have seen very little reporting of the political and economic transformation taking place: http://www.dailykos.com/story/2011/08/01/1001662/-Icelands-On-going-Revolution  It belies the desperate idea that we have no alternative but to follow the curve of the banking crisis