Iceland crisis


Whend did Mr Mathiesen state unequivocally that Iceland would not honour its obligations?
October 24, 2008, 10:37 am
Filed under: banks, Iceland, Icesave, UK | Tags: , , ,

FT has now published the transcript of conversation between Mr. Darling and Mr. Mathiesen, the day before Darling stated:

“The Icelandic government, believe it or not, have told me yesterday they have no intention of honouring their obligations here.”

No where in the converstation Mr. Mathiesen stated that Iceland would Iceland would not honour its obligations.

In stead of offering help, Mr. Darling decided to very harmful action against the Icelandic people and harm both Icelandic companies and the people of UK, limiting the changes of Icelandic companies to get back there money in order to repay to the British public.



Treasury plans £3bn loan to Iceland
October 22, 2008, 12:37 am
Filed under: banks, Iceland, Icesave, UK | Tags: , , ,

Now it seem that Britain will loan the Icelandic government 3 billion British pounds to pay back to the British people the money that they lost from Icesave.   This to nation that is the media has said was on verge of bankruptcy.  Nation that the British government used Terror law against and put on list with nations like Taliban and Irans.

This action alone has caused the financial crises to be much worse in Iceland than they needed to be.  Kaupthing bank went under after this hostile act of the British government, transactions of money has stopped of products Icelandic companies that have nothing to do with the banks and the reputation damage for Icelandic nation.

Iceland has been friendly neighbor nation with UK, they have many things alike.  When Iceland had problems this is what British government did.  There are 60 million people in Britain and 0,3 million in Iceland ie. Britain has 200 times more people than Iceland.  Mr. Brown used this situation to move the focus from his own problems from domestic problems towards small nation, that he knew in power of Britain’s size he could get away with.

Now it is clear that the Icelandic government will pay all their part of the deposit guarantee like it has always said it would!

I hope that Mr. Brown will now focus on his own problems at home rather than attacking Iceland.



Icesave
October 20, 2008, 10:43 am
Filed under: Icesave | Tags:

IceSave