Time to Boycott Iceland??

steve_hill

Love this quote from LibDem Treasury spokesman Lord Oakeshot:
He said: 'Iceland is a financial banana republic - perhaps we should call it a fishing republic.
'If its prime minister wore dark glasses and spoke Spanish, they never would have been able to run up these vast debts.'

From the Mail http://www.mailonsunday.co.uk/money/article-1069715/Brown-ready-sue-Iceland-recoup-savings-200-000-Britons-unable-withdraw-money.html

manhattan

The uk government need to sieze assets owned by icesave or it's parent companies based in the uk.

Then sell these to investors to pay the savers back who have been stitched up by Iceland/icesave.

mobfant

If there's one thing that you can rely on, even if these torrid times, it's British people acting without thinking.

Stair wrote: »

I for one will be buying my frozen chips from Sainsbury's in future. That'll teach 'em!

"Though sometimes confused with a small country of Viking origins on the fringes of the Arctic Circle, the real Iceland is a unique British food retailing business with over 660 stores throughout the UK."

Jim_B_3

morg_monster wrote: »

Yes great, boycott those companies, cause even more British unemployment at this time.

I'm no expert, but if the money people would have spent there is spent elsewhere, does that not mean that those other companies expand, taking on the staff from the boycotted Icelandic-owned companies? There will be some distress, obviously, since people can't change jobs a tiny amount at a time, but ultimately the same money would be spent in shops, requiring the same staff etc., but the companies wouldn't be sending any profits to Iceland.

XXXX

morg_monster wrote: »

Can you imagine how many British jobs would be lost of all those companies you mentioned laid off even a quarter of their shop staff
Bravo. You are a true patriot.

When the disgraceful Iceland Government dishonored their bank depositors, can you imagine how the Iceland companies not to dishonor the salary of their employees?

Bravo. You are giving Iceland more opportunities to default!

Jim_B_3

mobfant wrote: »

"Though sometimes confused with a small country of Viking origins on the fringes of the Arctic Circle, the real Iceland is a unique British food retailing business with over 660 stores throughout the UK."

Read on to 2005...

cwcw

Why can't the UK invoke its own "emergency laws" and simply take ownership of any Icelandic investments in the UK? e.g. any Icelandic stakes in a UK company become possession of the government and offset the compensation that Iceland has wriggled out of. This is financial war.

Stair_2

donnykebab wrote: »

Always thought that kerry katona was a bit shifty

Hmmm. And she was declared bankrupt recently. I see a pattern emerging. . .

shindigger

Babycakes wrote: »

Maybe this is the reason:

When asked why Russia, and not a closer ally, was coming to Iceland’s aid, Haarde said: “We have not received the kind of support that we were requesting from our friends. So in a situation like that, one has to look for new friends.”
The Prime Minister went on to stress that he remains happy with the support Iceland has received from its Nordic neighbours, but would not be drawn on which countries and central banks he was disappointed with. It is perhaps fair to assume that the United States, Canada, the United Kingdom and the European Central Bank are the targets of his anger.

http://www.icenews.is/index.php/2008/10/07/iceland-economic-update-full-analysis/

When Haarde made that announcement yesterday, my immediate thought was that Brown had told the Icelanders to get lost. It later dawned on me that he may well directly bail the UK savers. Why would any UK government hand more money over for the Icelanders to divvy up at will?
They are a failed state basically.

mobfant

Jim_B wrote: »

Read on to 2005...

My attention span drifted too early, thanks. But still, not sure a boycott of Iceland is going to be a great help to anyone.