Whatever Happened To Iceland?

Remember Iceland? A few months ago you couldn't open a newspaper or turn on the news without seeing an item about Iceland - how its banking system was on the point of collapse, how it was threatening to default on its loans, how local councils had invested billions in Iceland and lost it all and how British banks were totally exposed if Iceland became bankrupt. The reason for all this is that a right-wing government in Iceland had turned the island-nation into a neocon wet dream. So what's happened since? The right wing government was turned out of power by a furious population. A new socialist government then held a referendum and an entirely new constitution was written and enforced. The private debt that private banks had raised with other private banks was not to be paid by the citizens of Iceland at a projected rate of 100 euros per person per month for fifteen years - the banks were told they were responsible - despite the pressure put on Iceland by the US and Europe and threats from Britain that their assets would be frozen. Better yet the bankers and politicians responsible have either been arrested or have fled the country pursued by Interpol. So why, as all this has been going on, has not a word been seen in the British press or on the televised news?