Seriously

I really do not think anyone in Iceland possibly thought the financial situation was this dire. Although the Prime Minister is a pretty blunt politician, still, for her to say things were worse than she thought, and she has been on the inside for years, well, that is really bad. It honestly seemed like people thought it would only take a few months for this to turn around, but I think it is sinking in now, that this is the new reality for Iceland.