No Solution on Iceland-Britain Banking Dispute

Babycakes

Despite hopes that Iceland and Britain would reach an agreement on a loan from British authorities so that Icelandic authorities could honor their obligations to Icesave deposit-holders, a solution on the banking dispute does not seem to be in sight.

http://www.icelandreview.com/icelandreview/daily_news/?cat_id=16539&ew_0_a_id=314149

CHR15

“But I believe [the British authorities] have displayed quite exceptional harshness, which has shocked Icelanders.”

If they hadn't stole our money, no-one would have been treated Harshly

1echidna

CHR15 wrote: »

If they hadn't stole our money, no-one would have been treated Harshly

'Stole' implies a criminal action. Iceland are effectively bankrupt in the same way as an individual may become bankrupt, it is not, necessarily, a criminal action. It just means they badly misjudged their financial position which many individuals and companies have done, not foreseeing the way economic events have unfolded.

Baggieboy_2

I'd gladly show Mr Haarde quite exceptional harshness if I ever meet him, the arrogant swine. Listen pal, your crummy bankrupt country has my money and I want it back!

Anyone know any Icelandic messageboards where I can inform them how rubbish their country is? Might make me feel better.

KingL

Channel 4 just reported as 'breaking news' that the current UK-Iceland talks have broken down without resolution and that the Icelandic govt have said that the talks will resume.

Presumably that means that the current UK delegation is coming home now but will return to Iceland for another try at some point in the future.

StevieJ

Baggieboy wrote: »

I'd gladly show Mr Haarde quite exceptional harshness if I ever meet him, the arrogant swine. Listen pal, your crummy bankrupt country has my money and I want it back!

Anyone know any Icelandic messageboards where I can inform them how rubbish their country is? Might make me feel better.

Presumably the link above, but I am sure the Icelandic people are not enjoying having their own standard of living destroyed.

JayTee99_2

Iceland's PM, Haarde, is a disgrace!!
if he was our leader i would call for his resignation.
Publicly, he doesn't appear to show the slightest remorse or sympathy for UK or Dutch savers.

I saw him on Bloomberg TV Sunday evening talking about a possible IMF loan,
also, he was very positive about 'state debt', but totally non-committal when pushed on the banks' debts!

in his own words when asked "would everyone owed money by the banks be paid?", he talked about selling assets and said :

"there's no hurry, we'll do it in a measured way, when we see fit"

He appears to show little concern in honouring Iceland's obligations.
If he acts like this in public, then it may go some way to explain why Alastair Darling was forced to act in the way he did.

this is how Bloomberg were reporting it yesterday, i prefer them, just facts, no spin

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a8oIYRYKZY9Q

.

f_@_w_y

CHR15 wrote: »

If they hadn't stole our money, no-one would have been treated Harshly

Nuke these b***ards. :mad::mad::mad::mad::mad::mad::mad:

What the hell they think? Stealing my money and then talking about LAW.... Is this Fair respected Mr. President Harde (with all respect).

They dont see my worries? I think Brown government should distribute Landsbanki assets to cover ICESAVERS.

1echidna

JayTee99 wrote: »

Iceland's PM, Haarde, is a disgrace!!
if he was our leader i would call for his resignation.
Publicly, he doesn't appear to show the slightest remorse or sympathy for UK or Dutch savers.

I saw him on Bloomberg TV Sunday evening talking about a possible IMF loan,
also, he was very positive about 'state debt', but totally non-committal when pushed on the banks' debts!

in his own words when asked "would everyone owed money by the banks be paid?", he talked about selling assets and said :

"there's no hurry, we'll do it in a measured way, when we see fit"

He appears to show little concern in honouring Iceland's obligations.
If he acts like this in public, then it may go some way to explain why Alastair Darling was forced to act in the way he did.

this is how Bloomberg were reporting it yesterday, i prefer them, just facts, no spin

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a8oIYRYKZY9Q

.

I can't help feel that if the UK was in Iceland position this is exactly how we would expect our PM to behave. For bankrupt (or effectively bankrupt) Iceland the priority is food, medicines, fuel and where possible to preserve the wealth creating parts of their economy. Selling overseas assets cannot be done instantly unless a substantial loss is incurred, it takes time. I think the UK gov't accepts this but is of course adopting a hard nosed attitude on behalf of the UK taxpayers. Surely par for the course on both sides given the situation.

Baggieboy_2

Fair enough, but I can't remember telling them it was fine to use my money to do it with.

shindigger

1echidna wrote: »

'Stole' implies a criminal action. Iceland are effectively bankrupt in the same way as an individual may become bankrupt, it is not, necessarily, a criminal action. It just means they badly misjudged their financial position which many individuals and companies have done, not foreseeing the way economic events have unfolded.

We've been had. I dont like admitting it to myself either.
I thought i was reasonably on the case, until this.
I dont think they misjudged anything where casting their net in the UK was concerned. They knew exactly what they were doing.

A day of action is needed.
Its now become obvious we have to light a fire under someones !!!! to get this sorted.