http://www.icelandreview.com/icelandreview/daily_news/?cat_id=28304&ew_0_a_id=325458
Others were carrying signs. Some read “Iceslave” while others stated that the interest rates of the Icesave loans equal the annual export value of 200,000 tons of cod.
900 protestors is huge for a country with 300,000 people. Sort of like 900,000 Americans. From other articles The actual obligation Iceland is assuming is a 5.5 % $2.2B(I’ve seen numbers as high as $5B ) 15 year loan, the first 7 years being interest only. Perhaps the value of th loans will contribute?
http://icelandreview.com/icelandreview/daily_news/?cat_id=16539&ew_0_a_id=325507
Iceland’s obligations towards Landsbanki’s Icesave depositors, assumes that it will be reviewed in case the state’s debt capacity is questioned.