– they’re a bit out of season, but then surely so is Doddsson

@Jónas – the money was spent paying off government debt. This meant that the government could afford to give lower tax rates to large companies such as, erm, Kaupthing, Landsbanki, Glitnir, etc. and still run a 5% budget surplus until the crisis came along.

Jónas – ah, yes. How soon we forget. I guess perhaps it depends on how you define “public”. I have a feeling Doddsson defines “public” as “myself”.

Nothing either about the fact that the IMF request was made on the assumption that the Icelandic government wouldn’t have to take on any responsibility for the Depositors’ and Investors’ Guarantee Fund (Tryggingarsjóður), an assumption that was always shaky and has since been shown to be pure hallucination.

Where can I get some of whatever Doddsson is sniffing these days, and can I buy it with Icelandic krónur?

By the way, in the UK, “pissed” means drunk (and “pissed-off” means angry), so those “pissed as hell” Social Democrats may start throwing empty Thule bottles in parliament!

Muriel – good guess. Whatever it is, it’s sure to be interesting.

Jon – I know. It boggles the mind.

maja – indeed! and thanks.

Andrew – we can only hope!

Sigvaldi – I know. Það stendur ekki steinn yfir steini.