My Green New Deal colleague Ann Pettifor has been to Iceland. Her blog on the consequences of that country becoming a bank-owned -state is well worth reding.
There are, of course, plenty of other bank-owned-staes around. Take Jersey, Guernsey, the Isle of man, Cayman, Bermuda, Bahamas for starters.
They should take special note.
So should the UK. We play the role of the IMF with regard to most of these places.