As we came out of the housing crash rubble, one mini-narrative that emerged on the left was the rottenness of interest-rate swap deals.

FORBES: Banks Have Interest Rate Swapped $20 Billion From Taxpayer Pockets

Suggestions that Iceland should do so have been made cautiously on the left, and by some businessmen, who say they might be happy to swap the Icelandic krona, which fell in value by 13% last year, for the euro.

ECONOMIST: David Oddsson, Iceland��s Eurosceptic leader