[Symmetry]

Erm, they already did that. Well, they refused to pay the balance of all the foreign deposits when their banking system collapsed. The problem is that the country of Iceland no longer has this previously large sector in their economy, so the total economic pie was actually smaller, so they had to find some way to fairly apportion the pain from people's standard of living shrinking. And more importantly do it in a way that didn't cause a lot of unemployment that would shrink the economy even more.