Despite, the depredations of the Icelandic junta, however, Icelandic citizens have been able to elect a number of more progressive leaders and reject responsibility for Icelandic capitalist debts.
The people of Iceland twice voted not to repay international debts incurred by banksters, rejecting the idea that "the people" are responsible for bankster debts. Icelandic citizens held a first referendum in the spring of 2009 to decide whether the people should pay for the criminally incurred debts of the banksters and whether their government could impose these debts on the people without their consent. Ninety-three percent voted no!
In April of 2011 the Icelandic citizens held a second referendum to decide whether to accept or reject a government-concocted agreement negotiated between Iceland, the Netherlands and the UK to pay back the British and Dutch governments for the money they spent to recompense savers with the failed Icesave bank. Covering the debt would have cost Iceland's 317,000 citizens around $17,000 each. Again, they voted to reject the capitalist "agreement;" this time by close to sixty percent (58.9%)."