I am really depressed now. Having witnessed the Prime Minister of Britain annd the Chancellor of the Exchequer sniggering like smutty schoolboys in the House of Commons oneday then learning that some "business" people have recommended a 30% flat rate income tax is enough to make any one feel ill. Aren't there some mathmeticians out there who can really organise the finances of the country? Sir Isaac Newton didn't think it was beneath him to organise the Mint.

What has been done in Iceland when their banks defaulted, is so radical it didn't even make your list - Housing Debt Forgiveness.

Iceland's households were helped by an agreement between the government and the banks to forgive all debt exceeding 110 percent of home values.

Since the end of 2008, the island’s banks have forgiven loans equivalent to 13 percent of gross domestic product, easing the debt burdens of more than a quarter of the population.

The island’s steps to resurrect itself since 2008, when its banks defaulted on $85 billion, are proving effective. Iceland’s economy will this year outgrow the euro area.

Iceland’s approach to dealing with the meltdown has put the needs of its population ahead of the markets at every turn.

Once it became clear in October 2008 that Iceland's banks were beyond saving, the government stepped in, ring-fenced the domestic accounts, and left international creditors in the lurch. The central bank imposed capital controls to halt the ensuing sell-off of the krona and new state-controlled banks were created from the remnants of the lenders that failed.

What a concept! Putting the people and local economy ahead of the global banking cartels.

Impose legislation making it illegal to dismiss or made redundant employees for the purpose out maximizing profits. Allow employees to sue negligent employers.