BBC News:  Eurozone officially in recession

Thank you so much – I have hardly recovered from the dotcom bubble burst! Why can’t there be a new kinda gold rush or green revolution that brings in a lot of money.

Thank you very much America and your unregulated financial institutions!

But Europe really has had a bad economy for some time – and not much growth anyway. So even the slightest wobbles make the EU nation quake in their economic boots.

Britain and Spain have been hit hard by the housing crises. But only British banks crumbled like mad, Spain had much better regulation and oversight. The Spanish bank Santander is currently picking up former competitors all over Europe.

But I am still not sure what to do with these terrorists in Iceland! They still insist they are normal people just like and me.

BBC News: Iceland: Britain’s unlikely new enemy 

The current financial crises sparks the most ridicules situations: under the Anti-terrorism, Crime and Security Act of 2001 the British Government has seized Icelandic assets in the UK.

You can call the lovely people from Iceland many things, but terrorists?

The Icelanders are not amused (see article above).

It once again proves that governments are only to willing to twist any law and regulation to suit their agenda.