Iceland's Deep Freeze:

http://www.newyorker.com/talk/financial/2008/04/21/080421ta_talk_surowiecki

That doesn’t mean that Iceland is an innocent victim. The country went overboard with spending and borrowing—between 2000 and 2007, domestic credit in the Icelandic banking system more than quadrupled as a share of G.D.P. And relying on foreign money to fuel that kind of frenzy is foolish, since it puts you at the mercy of fickle foreign investors.

Ólafur Ragnar Grímsson (ˈou:lavʏr ˈraknar ˈkrimsɔn (help·info)) (born 14 May 1943, in Ísafjörður, Iceland) is the fifth and current President of Iceland, from 1996 to present, re-elected unopposed in 2000, and was re-elected for a third term in 2004.

Ólafur's second marriage was to Israeli-born Dorrit Moussaieff to whom he had been engaged since May 2000

Coincidence? Or ?