"The Icelandic government initiated, among other measures, a uniform debt relief programme to which the banks agreed. The programme will write off home loans in excess of 110 per cent of the property for those who apply for it. It is apparent the initial bondholders will carry most of the debt-relief costs in Iceland. The proposals in Ireland, on the other hand, suggest the Irish taxpayer pays the bill."
Tryggvi Þór Herbertsson, alltingsledamot för Självständighetspartiet, i The Irish Times om Islands hantering av finanskrisen.