What is actually going on in Iceland

``Icesave is being paid, no matter what Icelandic voters say. The dispute is solely about how high the interest rates are. (Bretar fá greitt.) Iceland has not refused to pay Icesave, the majority of it is paid already and the government plans to pay the rest. The dispute and the referendums have been entirely about whether we should pay loan-shark level interest rates or not.''