Another fine mess you've got me into

Struggling to make ends meet? Worried about your job? Well I've got some bad news for you. Having just had the pleasure of being forced to bail out most of Britain's banks, it now looks like the European colleagues are going to relieve you of a whole lot more money, this time to subsidise a completely different set of impecunious barrow boys in suits.

Iceland will be put on a fast track to joining the European Union to rescue the small Arctic state from financial collapse amid rising expectations that it will apply for membership within months, senior policy-makers in Brussels and Reykjavik have told the Guardian.

And that means just one thing. You are going to be filling in the hole in the Icelandic accounts. Remember that when your employer goes bust.

Comments

[Umbongo]

I wonder if the Icelanders are going to be as casual with their fishing industry as Heath was with ours.

[Bishop Hill]

That is a good point Umbongo. I hadn't thought of that. The Icelanders will never agree to go into the EU unless they are exempt from the CFP.