Are we supposed to be impressed? Gordon Brown gets nasty with Iceland, a nation with half the population of Wiltshire. He seizes the assets of an Icelandic bank, effectively closing it down. He uses anti-terrorist legislation against a friendly country.

Icelanders can’t understand it. They had tried to co-operate, to find a way through, but were treated by the FSA as enemies. Now their bank has folded, and many depositors will never see their money again.

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