LadyEllen
Posts: 10931
Joined: 6/30/2006
From: Stourport-England
Status: offline
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Indeed Viridana - the linked article includes all that bit, and its right that the Icelandic people should insist on such conditions - I think it was no repayments over 6% of GDP that caught my eye, and that seems sensible all round. There is no point in bankrupting the country, by which nothing is repaid.
On the other hand, these investors saw big returns and risked their money on them, (including many local and county councils, police and health authorities etc here), and lost. Why it should then be for the UK government (ie me) to reimburse these losses is hard enough to understand (though one way or another I would end up doing so), but quite why Iceland (ie its people) should have to reimburse the UK government is something else.
Lets be clear here - the losses reimbursed to investors here are miniscule compared to the capacity of the UK economy, but quite substantial sums to the capacity of the Icelandic economy. It is therefore, in my opinion, given the hardship the situation has already caused to the Icelandic people, quite unconscionable to insist on burdensome reparation in the way that the UK and Netherlands have insisted that will only result in further hardship, for a very long time indeed.
The solution is obvious of course - hang several thousand bankers worldwide and call it quits. Though for so much as breathing such blasphemy it should be me that is hanged.
E
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In a test against the leading brand, 9 out of 10 participants couldnt tell the difference. Dumbasses.
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RE: the Vikings are revolting - 
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