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SACSIS.org.za » News World Why Iceland Should Be in the But Is Not
Story of Iceland after bankruptcy.
Iceland politics finance crisis
Icelanders have quietly carried out a revolution by toppling a weak government, drafting a new constitution and seeking to jail those responsible for the country's economic debacle.
"Contrary to what could be expected, the crisis resulted in Icelanders recovering their sovereign rights, through a process of direct participatory democracy that eventually led to a new Constitution. But only after much pain."
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