Not paying isn't really the issue here, it's more like paying huge interest rates to the UK and Holland which is the issue and the left wing government trying to shove a terrible deal down our throats.
First off, the people sent to negotiate were utter fucktards, washed up communist (as in long live Stalin) put away over the recent years in some meaningless government positions. We didn't even sent lawyers to do this and it has been well established that the fucktards didn't understand all of the treaty due to the legal language it is written in.
Then it was put in front of the parliament to be rushed through and nobody was even allowed to see it at first. Then the government backed down and said the official review agency would take a look at the deal and give the MP's a review of sorts. Against a stiffening opposition they finally released the treaty but only parts of it. Now the lawyers stepped in and said the treaty wouldn't stand in the courts here as it threatened the independence of the nation. The government still pushed onwards and after months of fighting and making compromises it was to be voted on a week ago.
The night before a British law firm stated to send reports they had which showed a lot of sinister things going on behind the curtains. The worst part was a request from the head of the negotiation committee asking the British lawyers to hide their finding that we could fight and win this matter in the courts from the Icelandic government. They all objected and said they law firm was working for the opposition in the parliament. What a ridicules claim as the lawyers were just protecting their own ass in case this data would prove to be valuable later on and they thus liable.
Ok have to run but here is the matter in a nutshell. We have nothing against paying this even if it is comparable to the US paying now for all the wars it has fought since Vietnam in one go.
The PM is a lesbian and a not too distant relative of mine. Utter fuckwit that.