Iceland told the bankers to fuck off. They told the EU to fuck off. They forced the bankers to accept the losses that they incurred by taking extreme risks. The Icelandic economy experienced a short sharp depression. The system was cleared and could start over. Look what has happened since.
The solution implemented by the Eurocrat banker puppets regarding Greece, Spain, Italy, Portugal, Cyprus and the rest of insolvent Europe was to protect bankers from losses and inflicting the citizens with extreme austerity, zero interest on their savings, and now active stealing of their cash.
The central bankers, Keynesians, and ruling financial elite don’t want you to see this chart. It destroys their storyline. It proves that their solutions are wrong. It proves that we need to go to war against the bankers. They will not willingly accept the necessary solution because their wealth and power will evaporate.