Earlier this year, all eyes were focused on Iceland in a very negative way for the second time in 18 months. First their banks collapsed in 2008 which caused many in Europe who had savings accounts there to take a rather substantial financial hit. For example, in the UK local councils were estimated to be at risk for up to £840 million in cash. And secondly, as is pretty well known, the Icelandic ash cloud basically paralysed Europe for the...