A vote is set for Saturday in Iceland on a referendum that would require Iceland to pay funds to the U.K. and the Netherlands based on U.K. and Netherlands investors who lost money because of the collapse of an Icelandic bank.

The EU (based on some complicated rules) wants the residents of Iceland to bailout depositors in the United Kingdom who deposited money in an Icelandic bank that opened a subsidiary in the UK and then failed.The tab is £3.5 billion. The population of Iceland is 320,000
EconomicPolicyJournal.com: Iceland's Voters About to Tell Global Banksters to Shove It