The word “amend” is defined in the dictionary as:

a⋅mend
  /əˈmɛnd/ Show Spelled Pronunciation [uh-mend] Show IPA
Use amend in a Sentence
–verb (used with object)
1. to alter, modify, rephrase, or add to or subtract from (a motion, bill, constitution, etc.) by formal procedure: Congress may amend the proposed tax bill.
2. to change for the better; improve: to amend one’s ways.
3. to remove or correct faults in; rectify.

Seems fully inline with what you wrote originally .

Anton

Wouldn’t it be simpler to say something like this: Iceland agrees ONLY to pay the Netherlands and the United Kingdom X number of dollars each, at 3% of gross Icelandic GDP per year until said amount paid. This and this alone will satisfy our Icesave debt to you.

There, how long did that take? Well less than a page, and most can probably understand it as well.

So can the current Icelandic government do anything about that? I don’t think so. They are bound by backstage deals and promises or simply incapable cause many of them can’t do anything. They never done anything except being only elected politicians. So they mastered how to get elected but this is not what we need now. And no need to say about who is whose relative.

One more note about friends.
China is not the best friend of Iceland. But it might be the only friend at the end. They have real money, their size makes it easy to get “the mouse” back to life. And – most important – they are not IMF/EU. They would not just give loan (as this is just a temporary delay) but they would rather invest in Iceland to revive its economy to get out of sh*t.

What is needed – just an open mind of Icelanders.

PS. Don’t even think I’m going to leave the island

The IMF and the EU doesn’t give a rat’s ass about economic justice, they just want “their” money

Thanks, Flygill, for the honesty and common sense. This is what is needed now.

This is really a very interesting discussion – about moral, responsibility and money. And what strikes me the most – the spirit of the discussion. With few exception it sounds like I’m listening to the priest who is prying… communism
Should Iceland and Icelanders take responsibility of their actions and carry the burden in full? Hell we should. But what about others involved?
What about rating agencies? Are they just a bunch overpaid morons or liers?
What about UK and NL governments? That failed to inform their people that Icesave is not a bank (as well as Icelandic “banks” were not really banks)?
What about Icelandic government and other agencies that either by stupidity or by intention bent laws and ignore their direct duties? Icelandic people voted for them, that’s right. But by that vote they didn’t authorized illegal action of specific persons in the government. If I let any of you to drive my car – that doesn’t mean I’m responsible when you get drunk and run someone over.

So maybe we should stop praying about “responsibility” in general? And finally get the guts to get responsible those who was supposed to do just their job…
This is about moral aspect of the discussion.

Now about “communist” side of all this mess. This is really amazing. (and very clever btw). This moral issue of “responsibility” is just a smoke screen to hide the very basic flaw. Private ownership is the basis of capitalism, the pillar of the system, right? Which means that owner is fully in charge of what he owes. If he is smart and lucky – he owes more. If he makes a mistake – he pays for it. In full. That’s the main rule. Like the Sun is in the center and the Earth is going around.
But let’s see what we are told here! Private entities got themselves in deep sh*t but want the state to “bail” them out. Even “nationalized”. So instead of letting “mighty market” to fix the problem – the governments are saving the as*holes. All over western world (whatever it means).

So, Flygill, you don’t have to buy any books about Cuba. The “communism” is right under your nose. A strange version of it – but at least this is not a capitalizm any more for sure.