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On Sky Now... Iceland to refuse to pay UK 2.3 Billion to savers
Comments
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The astonishing aspect: two years later the totally incompetent government apparatus (FSA, FSCS, BoE, HM Treasury) still allow foreign banks to practice in the same way as Icesave.
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To be fair, the biggest and most important european meeting on bank regulation for three decades is being held this weekend. It's a pity that tuition fees and Wikileaks have taken the headlines.
Our European masters are completly rewriting the banking law.“The ideas of debtor and creditor as to what constitutes a good time never coincide.”
― P.G. Wodehouse, Love Among the Chickens0 -
The farce continues...Icesave deal subject to referendum
Icelandic President Olafur Grimsson has said he would put a new deal aimed at solving a dispute with Britain and The Netherlands over a £3bn repayment to a public vote.
Grimsson confirmed he would not personally ratify a plan to repay funds invested by British and Dutch citizens in internet bank Icesave that were lost when it collapsed in 2008.
About 38,000 Icelanders - around 12% of the population - had signed a petition calling on Mr Grimsson to authorise a referendum on the deal. A package with more onerous repayment terms was rejected in a national referendum last year.
Johanna Sigurdardottir, Iceland's Prime Minister, said she was disappointed and "had expected the president to ratify this."
The UK government, FSA and FSCS still assume that Britons will see this money again and haven't booked a penny in losses. They're 'avin' a laugh."The state is the great fiction by which everybody seeks to live at the expense of everybody else." -- Frederic Bastiat, 1848.0 -
Trel.. if you get around to reading this thread, I think you'll enjoy this.
A memorable (Iceland) short-story, set back in Iceland of a thousand years ago.
(A 15 min read, start to end) especially for you in case I've fallen into your bad books, over my stance about home-caring. I know you like the makings of a good tale... and I base much of my reference thinking about Iceland on this story.
http://manybooks.net/pages/andersonpwother08Man_Who_Came_Early/0.html
The link isn't linking directly to the story, can you tell me which one I'm looking for, I'd quite like to read it. Thanks.[FONT="]“I've learned that people will forget what you said, people will forget what you did, but people will never forget how you made them feel.” ~ Maya Angelou[/FONT][FONT="][/FONT]0
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