No Solution on Iceland-Britain Banking Dispute

LGG_2

why doesnt darling just pay the depositors out now seeing as he has the money to do it. then go after iceland for the money.i know they want to see what they can get out of iceland first but its not as if the uk cant pay out.the ball is in darlings court. is has the ability to pay out so he should and then go after iceland.

meanmachine_2

zzyorkshirepuddingzz wrote: »

Can some really eloquent person volunteer to set it up please?

By the way LOOK AT THIS:
Looks like Iceland has got their IMF loan without any conditions relating to resolving issues with UK Icesave customers.

http://uk.news.yahoo.com/18/20081020/tbs-iceland-to-get-6-billion-imf-led-res-5268574.html

Why are you quoting a 4 day old report?

LGG_2

In no way am I defending that lying creep Haarde, but it would be good to know exactly what conditions have been attached to our 3bn loan for the Icelandics to turn it down.

there was an article by the icelandic review that was posted that talked about the rumoured conditions

meanmachine_2

LGG wrote: »

there was an article by the icelandic review that was posted that talked about the rumoured conditions

Ok, so from what I can gather, it appears that Iceland ARE happy to cover the 16K in retail deposits, but the UK government wants to use Landsbanki's assets to go beyond that commitment.

If that is true, and who knows, then it's the UK government's actions that are stopping us from getting our money back.

But I'm assuming the UK is trying to also recover monies saved in Icesave by hospitals and charities.

McElais

LGG wrote: »

there was an article by the icelandic review that was posted that talked about the rumoured conditions

Here it is:

http://icelandreview.com/icelandreview/daily_news/?cat_id=16567&ew_0_a_id=314149

The crucial passage:

"According to Fr!ttabladid’s sources, British authorities demand that Landsbanki’s assets in the UK be used to cover the bank’s debts in the country other than what it owes account holders in its online banking unit Icesave.

That demand is not at all in line with the policy of the emergency legislation recently accepted by Iceland’s Althingi parliament, which assumes that Landsbanki’s assets in the UK will be used to repay Icesave deposit-holder."

zzyorkshirepuddingzz

meanmachine wrote: »

Why are you quoting a 4 day old report?

SORRY WRONG LINK

http://news.sky.com/skynews/Home/Business/Iceland-To-Get-1bn-Bail-Out-In-Wake-Of-World-Banking-Collapse/Article/200810415127998?lpos=Business_Carousel_Region_3&lid=ARTICLE_15127998_Iceland_To_Get_%241bn_Bail-Out_In_Wake_Of_World_Banking_Collapse

McElais

meanmachine wrote: »

Why are you quoting a 4 day old report?

http://news.sky.com/skynews/Home/Business/Iceland-To-Get-1bn-Bail-Out-In-Wake-Of-World-Banking-Collapse/Article/200810415127998?lpos=Business_Top_Stories_Header_3&lid=ARTICLE_15127998_Iceland_To_Get_%241bn_Bail-Out_In_Wake_Of_World_Banking_Collapse

climbgirl

I love the way Sky have STILL got that bit about "if the first £16K is not covered by Iceland, the UK will not cover it". Darling said two weeks ago that he would honour it (just not when!), you'd think they'd update their website by now...

T'Pau

hari2000 wrote: »

No more endless hours of talks and hot air needed between Icelandic and British authorities which go round and round in circles and achieve sweet FA.

Could equally well be 'sweet FSA' or 'sweet IFA'. :mad:

st

climbgirl wrote: »

I love the way Sky have STILL got that bit about "if the first £16K is not covered by Iceland, the UK will not cover it". Darling said two weeks ago that he would honour it (just not when!), you'd think they'd update their website by now...

quite right climbgirl --presume you like me have up to the £16k --