Iceland - The story continues....

What Goes Up... · **Posted:** Wed Dec 23, 2009 10:26 am

What Goes Up... · **Posted:** Wed Dec 23, 2009 10:46 am

Closed captions (subtitles) are available on both videos:

laughinglawyer · **Posted:** Wed Dec 23, 2009 10:58 am

Hey I liked Iceland. I used to be able to get those Linda Mccartney vegetarian rashers there

What Goes Up... · **Posted:** Thu Dec 24, 2009 2:00 am

What Goes Up... · **Posted:** Thu Dec 24, 2009 2:01 am

hquain · **Posted:** Tue Dec 29, 2009 12:33 pm

The story continues....

Quote:

Mad-as-hell Icelanders won't be taking it any more

http://www.irishtimes.com/newspaper/opinion/2009/1229/1224261354236.html

The Unwelcome Guest · **Posted:** Tue Dec 29, 2009 12:41 pm

Sounds like me arse Jimmy, they've had a few chats and banged a few pots and pans.

Big whoop!

nolai90 · **Joined:** Jan 12, 2008 **Posts:** 318

last line from the article in times

Quote:

The funny thing, though, is that many Icelandic people genetically originate from Ireland. Who would have thought?

coc · **Joined:** Nov 3, 2008 **Posts:** 1280

The last two lines were the most striking element of that article for me too. They may well be the worst two lines I have ever seen committed to print. Genetically originate? That wouldn't pass muster for the Junior Cert, Foundation Level.

Are the sub-editors still hungover from the xmas party?

Sidewinder · **Posted:** Tue Dec 29, 2009 2:08 pm

As far as I know it's reasonably true though, in a tabloid sort of way - all them raids of comely maidens dancing at crossroads in the 8th-10th centuries resulted in most of the modern Icelandic population being, well, sort of half-Irish. As has been shown by genetic studies, apparently.

Close enough to the truth, for the Irish meeja, which is usually a million miles from it.

The Unwelcome Guest · **Posted:** Tue Dec 29, 2009 2:10 pm

Oh, it's true but it's utterly trite.

Sidewinder · **Posted:** Tue Dec 29, 2009 2:16 pm

It was in the Irish meeja, you expected what exactly?

Justin Case · **Joined:** May 9, 2009 **Posts:** 25

Quote:

Iceland passes bill to repay Icesave losses to Britain and Netherlands
David Teather
Thursday 31 December 2009 16.02 GMT

• £3.4bn to be paid for collapse of Landsbanki offshoot Icesave
• Icelandic MPs shout 'treason' after narrow vote on Icesave

The Icelandic parliament has narrowly approved a bill to repay about €3.8bn (£3.37bn) to Britain and the Netherlands, to cover the losses of depositors in Icesave, the online bank that went bust during the collapse of Iceland's financial system.

Almost 300,000 British savers had their accounts in the bank frozen in October 2008, following the failure of its parent company Landsbanki. The British and Dutch governments agreed at the time to compensate savers for the full amount of their losses and has since put pressure on Iceland to repay the debt.

http://www.guardian.co.uk/business/2009 ... ay-icesave

Orwellgeorge · **Joined:** Nov 8, 2007 **Posts:** 1031

http://www.ft.com/cms/s/0/739ddb22-f705 ... ck_check=1

"Many Icelanders are furious that they are being asked to foot the bill for the mistakes of their country’s bankers and regulators and say the hefty repayments, amounting to €12,000 per citizen and nearly half of gross domestic product, will undermine recovery.

Presidential approval is usually a rubber stamp process in Iceland’s parliamentary system. But Mr Grímsson said he needed time to carefully consider the legislation given the breadth of public opposition. Only once since the island nation gained independence in 1944 has the president vetoed a bill.

If Mr Grímsson refuses to sign, the government would face a choice of either dropping the bill or putting it to a national referendum"

mr_anderson · **Posted:** Sun Jan 03, 2010 9:49 pm

The only difference between Iceland and the US/UK and ourselves is that they are facing the matter of repayments head-on.
Hence they see the direct consequences of taking on so much (unnecessary) debt.

Everyone else has fudged the issue - but the effects are the same i.e. the taxpayer foots the bill.

Iceland - The story continues....

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