According to Bloombergs columnist Matthew Lynn ,Iceland should not pay Icesave.
You can see it here on the video , in an interview,before the Icelandic referendum on march 6th.
Looks like that the financial system in Iceland is not going to change,even though the Banking crisis showed the faults in the system.
So the corruption can go on ,as before.
Still the bankers are getting debts written off,and dont have to pay anything.
But the public is having a bad time,house loans going up,house prices going down.
So if you are not a banker,and you are just a working tax payer, then you will have to pay.
On the video below ,you can see Max Keiser predict the Banking collapse in Iceland.