The important thing here is to make sure the source is reporting accurately. I couldn't find a reputable news source, even in Iceland reporting what we read in the opening thread.
Iceland forgives mortgage debt of its population (youtube.com)
I live in Iceland and this statement is far from true. Only in certain situations does this apply. The elderly, the disabled and other minority groups
are not only losing their homes but also starving. The more you owed to the banks the more likely you could have your mortgage lowered. Why? It is
more likely the banks will be able to get some of the debt back instead of sending all to bankruptcy And # the old and disabled people, they will
never be able to repay so why spend a dime there?
I am icelandic and live in Iceland and i want to tell everyone that this is not true , a certain type of loans and their terms was corrected through
the justice system but the public is basicly still struggling with the money fascists and secret societys. But not for long