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Cypress is fucked. A major industry of theirs was being a banking tax haven. Now that is gone. Of course this is just going to spread to more countries because the public is not going to tolerate another bankers bailout so they are just going to start stealing from people's accounts to cover their derivative gambling debts.
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Iceland has the advantage of everyone who lives there is pretty much related to each other. Icelanders have the most uncluttered gene pool on the planet. That means no racial tensions to exploit and stir the pot as a distraction. When the people aren't fighting each other as a distraction, they focus on the real problem and the bankers go to jail.
Here in the US we get caught up in all the racial, religious, and political party shit. We are so distracted and fragmented that is why nothing has happened to the bankers here.
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