Why Iceland should be in the news but is not... (32)
lifeisadream: He was arrested in London a couple of months ago, along with some “bigger clients” of Icelandic bank Kaupthing, including Robert Tchenguiz whom had the biggest debt of €1.74bn.
According to the article the arrest was portrayed as some sort of solution. It is not.
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lifeisadream: The article is interesting and it has its value in itself.
Icelanders decided not to pay their debts and that was trough a referendum and that is part of the democracy game that we are playing.
The majority 93 % of the people in Iceland decided not to pay their debts. They were and they are full aware of the consequences.
actually they are repaying,but on their own terms!Icelanders decided not to pay their debts and that was trough a referendum and that is part of the democracy game that we are playing.
The majority 93 % of the people in Iceland decided not to pay their debts. They were and they are full aware of the consequences.
Article is really muddled,and I think you'll get more Info from the comments!
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Albertaghost: According to the article the arrest was portrayed as some sort of solution. It is not.
Some sort of solution is not solution.
What do you think a solution could be if any?
Conrad73: actually they are repaying,but on their own terms!
Article is really muddled,......!
Article is really muddled,......!
On April 9, (2011) a referendum was held in Iceland on the possibility of paying five billion dollars to the English and Dutch nationals affected by the 2008 bankruptcy of Landsbanki bank. Over 57 percent of the vikings who showed up at the polls were opposed to paying the debts.
Prime Minister of Iceland Johanna Sigurdardottir did not hide her disappointment with this turn of events. "They have chosen the worst option. The referendum has split the country into two parts. Now we must do everything possible to prevent economic and political chaos, which would be a consequence of this decision," she pointed out.
The reaction of the UK was quick. "We are disappointed that the people of Iceland have rejected what has already been resolved in negotiations," said the British Treasury secretary Danny Alexander. He threatened to file lawsuits against Iceland in international institutions. The officials in the Netherlands were saying the same thing. The amount of the claim is at least 4 billion euros.
Conrad73: ....and I think you'll get more Info from the comments!
"In 2008, Iceland suffered the biggest financial collapse any nation has ever had.
The popular anger and the size of the bankruptcy forced the country to refuse to repay the debts its banks had amassed abroad, earning the island a legendary status among left-wing activists across the world.
Faced with the rising tide of national debt:
“Do as Iceland did” "
has become an appealing alternative.
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lifeisadream: Iceland is not in the news because:
Size matters ladies, this time!!!US GDP 15 trillion
Italy GDP 2 trillion
Greece GDP 312 billion
Iceland GDP 12 billion
Iceland went to default but she is not getting away with it. She is not any more under the FMI and she has being sued on international courts.
Size matters ladies, this time!!!US GDP 15 trillion
Italy GDP 2 trillion
Greece GDP 312 billion
Iceland GDP 12 billion
Iceland went to default but she is not getting away with it. She is not any more under the FMI and she has being sued on international courts.
this is not a thing of size, this is clearly an example of how really "free" the big media is.
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nitro2345: this is not a thing of size, this is clearly an example of how really "free" the big media is.
The media have their agenda that serves their purposes here and there and everywhere.
However there are ways to spread any information on the net for free and with not limits whether that info can be liked or not for the media and its supporters.
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Conrad73: actually they are repaying,but on their own terms!
Article is really muddled,and I think you'll get more Info from the comments!
Article is really muddled,and I think you'll get more Info from the comments!
The article is "muddled" as you say, I agree, but my objective in posting was to demonstrate how change can be achieved by the people if they have the will to do so.
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JAN_is: The article is "muddled" as you say, I agree, but my objective in posting was to demonstrate how change can be achieved by the people if they have the will to do so.
One of the things not addressed in this article is the fact that Iceland`s banks at one point were heavily involved in the financing of geothermal projects all over the world {and also the fishing industry}As a result of their particular monetary problems it has greatly affected the geothermal industry.
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In response to: No doubt that Banks –everywhere- and the Trading Centres need a much closer supervision and regulations that should avoid or at least diminish mismanagements and corruption. Besides having them paying taxes on the trading and the speculation in the markets.
Trouble is, whose going to do the regulating?
The governments are just as corrupt as the banks?
And they work together.
Asking government to regulate the banks is like asking the mafia to regulate the teamsters union.
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JAN_is: The article is "muddled" as you say, I agree, but my objective in posting was to demonstrate how change can be achieved by the people if they have the will to do so.
they had no other choice!If they had another way out,I am sure they would have taken it!
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Albertaghost: Eliminating their debt.
Iceland is obviously not a people of their word.
Iceland is obviously not a people of their word.
Morning Albert
For once ,I entirely agree with you.
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RayfromUSA: Trouble is, whose going to do the regulating?
The governments are just as corrupt as the banks?
And they work together.
Asking government to regulate the banks is like asking the mafia to regulate the teamsters union.
The governments are just as corrupt as the banks?
And they work together.
Asking government to regulate the banks is like asking the mafia to regulate the teamsters union.
More importantly the regulation has to be world wide, otherwise the bankers will just move their aberrant behaviour to the next country (and you will still end up paying for it). The problem with that is how in gods name are you going to get global agreement on such regulation? If you told the global governments that white was white you wouldn't get agreement.
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The article is interesting and it has its value in itself.
Icelanders decided not to pay their debts and that was trough a referendum and that is part of the democracy game that we are playing.
The majority 93 % of the people in Iceland decided not to pay their debts. They were and they are full aware of the consequences.