Not only are they prosecuting their banksters, they have put a former PM in the dock:

The trial of former Icelandic Prime Minister Geir Haarde, on charges of negligence over the 2008 financial crisis, has begun in Reykjavik.

Mr Haarde is thought to be the first world leader to face criminal charges over the crisis.

He rejects the charges as “political persecution” and has said he will be vindicated during the trial.

The country’s three main banks collapsed during economic turmoil and the failure of Icesave hit thousands.

With a population less than that of Baltimore City, Iceland seems to have cornered the market on both balls and common sense where the financial meltdown is involved than the other 6.8 billion of us.

Go figure.