Riiiiiight. So Iceland steal (sorry, I mean writes off) billions of pounds invested by Brits and then gets all w@nky when Brits get a tad peeved. Then they get a stress on about British aircraft defending their airspace as part of NATO.
Sounds like the only aircraft we should be sending to Iceland should be cluster bombing the place back to magma. Let the mighty Ielandic Air Force defend its own airspace against the the Rusky hordes.
Dickheads.