Iceland cannot afford to wait much longer for the second tranche of loan funding from the IMF and its Nordic neighbours, Prime Minister Johanna Sigurdardottir told Bloomberg this week.
The next payment is long overdue waiting for the IMF review, which is itself being delayed until Iceland strikes a binding deal with the Netherlands and the UK over repayment of debt incurred by Landsbanki’s collapsed Icesave savings accounts.
“We are still hoping that the programme will be reviewed in October,” Sigurdardottir said. “However, it’s clear that the IMF wants to see a solution in the Icesave matter, prior to Iceland’s review with the fund.”
“Solving the Icesave matter under the conditions placed by parliament has proven to take longer, be more difficult and more elusive, than we anticipated,” the premier told Bloomberg. “We assume a formal answer from the Netherlands and the U.K. to the conditions and how we can uniformly move forward will arrive shortly.”
Sigurdardottir continued to say that the Icesave deal is so unpopular in Iceland becauase it is not viewed as fair; and that despite Iceland’s will to pay the compensation, she cannot put her support behind “a solution that forces hardship on Iceland and Icelanders.”
The IMF review was originally due in February.
@ Alexander and Axel
Alexander said: “Thanks, Jorge. You opened my eyes over Russia.
Would you also be so kind to translate some documents from Russian to English so everyone here could get your knowledge as well”
A TV presenter in Spain, in the 80′s, said: ‘I can read this’! I will say: I could write that! What made you think I own documents? People can own documents; or, people can read documents from … as well!
Axel said: “No you dont, just slide under your sombrero Jorge and catch a few ZzZz, the EU will find a way to get the IMF to strangle some country somewhere for money to pay your unemployment benefits, it must be grate to know some people who know some people who rob some people ;), it makes life so much easyer.”
Tonight, I got time, and here my answers:
I do not wear sombrero; perhaps, I could wear a Spanish style hat! Sombrero is worn per SOME Icelanders when making a fool of themselves in the Spanish beaches! Now, some of them will not be able to travel to Spain; now, they do not have the funds from other countries in horrible currencies –Euros, Dollars, Pounds, Swiss Francs- to live on borrowed time! It is a pity.
Does EU look for a way to get the IMF to strangle countries somewhere for money to pay OUR unemployment benefits??? ZzZz!!! Just slide under your sombrero, Axel, and catch a few ZZZZ!!! Or, does IMF ‘strangle’ some pirate countries and banana republic living on borrowed time????!
By the way, I do not know people who know some people who rob some people. And you? Really, perhaps, you could know people who know some people who did rob many European savers! I think, it must be grate to live on borrowed time, swindling European savers, fixing unreal policy rate, say Króna is the best currency all over the world and take loans in Euro-dollar-yen-pound-swiss franc all over the world, and not paying! Get it? I think, this is grate! Also I think is grate to see clowns in a tiny Central Bank with policy rate at 13%, currency at 75 per Euro – or 68 – and requesting money to support the wonderful style of life in Iceland. It is grate a country without economic aid from its brothers (Sweden, Norway, Denmark, Finland, …) and neighbours (EU); it is ONLY €4bn!!!! And, it is grate to read your words: “the finanial problems Iceland are extreamly difficult, same goes for UK EU and USA, the main difference is that our economy is repairable.” Really, you write in English but, you do not know what you are writing!
Axel said: “We have cod to sell, you wish you could say the same, but unfortunetly you killed your fishing stocks long time ago, wonder how ? ahh greed and stupidity, almost forgot”
I said “good luck, you will need to sale many many many … tons of cods” because you said “the IMF helps no one, quite the contrary, we will solve this some how, we are better off without the IMF”. Simply!
Yes, since you do have cod to sell, you must sell so many many many … tons, so you can pay the Icelandic debts … and paying to many many swindled savers all over Europe, savers swindled per the Icelandic mafia, and, the icelandic mafia lives in Iceland today yet! The icelandic mafia is some Icelanders, too. I understand you forget this point! ZzZz!! Icelandic mafia is some Icelanders!
About comparing Spain and Iceland, and the cod of both … really it is a so stupid thing; we live 46 millions and you only are 320000 inhabitants: really, a village. It is like to compare USA and a country of 2 millions, Slovenia. It is so ridiculous! Your island – beautiful island – is a tiny country but, really, it only is a village, and, like many Spaniards do say, a fish shop!
//////////////////////
By the way, never I understood the stupidities of the politicians of my country. Why Spain, with a GDP PPP per-capita at US$30000 must send Eurofighters to Iceland, a country with GDP PPP per-capita more than US$40000? Yes, I do know, NATO agreements, … but, I really understood the strategy, the stupid politicians of my country didn’t: the old Icelandic Governments cut and cut taxes, the Icelanders get much money to buy items, good cars, villas, trips, jewels, art, … the Icelandic life style; of course, Icelandic inflation raises, Central bank raises policy rate but, as the Icelanders look for loans in different currencies – some Icelanders say the Króna is better, it is better but they look for loans in Euro currency-, as I said, the Icelanders look for loans in different currencies, the Central bank could not contain inflation and raises policy rate, again, again, … the currency is revalued again, larger trade deficit, and the Icelanders with a revalued króna can buy more and more outside, again again. It is a perfect game; it is the fine trick, whenever the outer credit flows: when the liquid stopped flowing, the engine stopped! And … while … Spain, with US$30000 per-capita, pays the invoice of the Eurofighers. It is great! Japanese pay the trips, Germans pay the mortgages, Americans pay the expensive clothes and cars and the Spaniards pay the air security. Fantastic! And then, SOME arrogant Icelanders allow themselves to say: IMF will strangle some countries to pay the Spanish unemployment benefits. What a cheek!!
Finally, Axel, I want to remember the subject is not Spain, again; subjects are Iceland and its problems. If you want to speak about Spain and its problems, you are very welcome at the Spanish forums! We do not invite to leave like some Icelanders!
Everyone knows that Tony is a man of honor and the Master of his word….
Yeah, we all know that :-)
So all over “democratic” Eu people were not allowed to say what they think about “treaty”.
And now bLair as President!!!!
Does anyone know how hard is Chinese to learn? ;-)
Looks like 70% for Lisbon here in Ireland ,Clears the way a bit for Iceland to join EU at least, downside is Tony you know who for president I hope the Dutch Guy gets the Job. But at least it was passed dont see what all the hysteria here was all about really.
“The stance of the UK and the EU is to use the IMF as leverage to force Iceland to agree to the terms already dictated, re the Icesave deal”
It would be more effective to use NATO assets (rather than IMF assets) as leverage. Much of the troops, helicopters, etc are already deployed in the middle east, but the nuclear subs aren’t busy.
Blair already celebrating
http://www.youtube.com/watch?v=axmvCAzY96I&feature=related
The Irish voted yesterday, but the votes were not counted until this morning, i bet the ballots that come out of the boxes will be positive for the EU.
http://www.youtube.com/watch?v=kNDqNyFVYEg&feature=fvw
WWIII is starting ;)
I wonder if the Vote No to Lisbon campaign in Ireland used the line “Do you want this man as your President”
Strange that one of the main fanatic deregulation neo-liberal pimps should be favourite for the EU presidency.
The stance of the UK and the EU is to use the IMF as leverage to force Iceland to agree to the terms already dictated, re the Icesave deal.
AND FOR THE FIRST MOVE BLAIR WILL DO WHEN HE GETS TO BE THE PRESIDENT, KNOWING HOW PRACTICAL AND COLD HE IS, HE WILL SHOW NO MERCY TO ICELAND. IF ICELAND DOES NOT OBBEY AND GET TO DO WHAT IS TOLD TO DO, HE WONT HESITATE TO SMASH THIS COUNTRY AS IF IT WAS A LITTLE INSECT ON HIS GARDEN. BECAUSE HE IS THE GARDENER OF EUROPE, THE ONE WHO IS GOING TO ERASE THE BAD PLANTS FROM ITS ROOTS AND TRY TO PUT THINGS INTO PERSPECTIVE FOR GETTING EUROPE TO WORK IN A VERY PRECISE LINE.
HE WONT HAVE TIME FOR PLAYING AROUND, ICELANDIC GOVERNMENT SHOULD BE REALLY AWARE OF HOW HARD THIS GUY IS GOING TO PLAY HIS CARDS AROUND. NOW ICELANDIC POLITICIANS WILL HAVE TO SHOW SOME MADURITY AND TAKE SOME RESPONSIBILITY. WHOEVER THEY WERE THE POLITICIANS AND BANKERS WHO MADE THIS MESS. ICELAND WILL HAVE TO SHOW THAT WHOEVER IS IN CHARGE OF THE COUNTRY IS READY TO SHOW THEY CAN TAKE CARE OF THIS NATION´S EXTERNAL AND INTERNAL MATTERS.
YOU CANNOT GO TO LIVE IN A HOUSE, THAT WAS RENTED BY OTHER PEOPLE THAT ARE GONE NOW AND NEVER PAID THE RENT. AND SAID THAT YOU WONT PAY THE RENT EITHER, BUT YOU WANT TO STAY FOR FREE. BECAUSE THEY WILL KICK THE HELL OF YOU OUT OF THAT PLACE.
ICELANDIC PRIOR GOV. MADE A HUGE MISTAKE, OPPORTUNISTIC POLITICIANS, BANKERS AND BUSINESSMEN BETRAYED THEIR OWN COUNTRY AND MADE THE BIGGEST ROBBERY OF THE 21ST CENTURY. AND NOW SOMEONE WILL HAVE TO TAKE RESPONSIBILITY FOR IT. SORRY TO TELL BUT IT IS GOING TO BE ICELANDERS, THEY ARE TO BLAME FOR BELIEVING THE PUNCH OF CRIMINALS WHO TOLD YOU YOU WERE THE BIGGEST AND BEST COUNTRY IN THE WORLD AND WHO MADE YOU BELIEVE YOU WHERE PERFECT PURE VIKINGS…
HAHAHA, I DON´T KNOW IF I SHOULD LAUGH OR CRY ABOUT THIS DANTESC AND TRAGIC SCENERY OF WHAT ICELAND REALLY IS
FISY ”
( Look at the ridiculous bullying of Irish leading up to the Lisbon Treaty — EU constitution — vote forced on them.. again tomorrow 2nd Oct. I hope they not NO to it again. )”
BUT THEY VOTED “YES” BY A BASTE MAJORITY. I FEEL SO SORRY FOR YOU FISY, BECAUSE YOU WILL HAVE TO “INTRODUCE” AGAIN YOUR OWN WORDS UP INTO SOMEWHERE, AND THIS TIME IT WILL REALLY HURT LOTS BECAUSE YOUR PREDICTIONS ARE BLOWN, GONE WITH THE WIND… AS REALITY SHOWS WHAT IS TRUE AND WHAT IS NOT.
YOU SHOULD WHATCH VANILLA ICE, OR THE SPANISH ORIGINAL VERSION OF THAT MOVIE, CALLED “ABRE LOS OJOS” ( OPEN YOUR EYES)
“EU commission and member state are no friends of Iceland that much is clear”
And only a month until Tony Blair becomes President of the EU. Anyone know whether he may have any bias towards UK/NL or Iceland regarding Icesave?……
“The elite still in control of the country and are not going to let go, so forget your ideas until they get overthrown.
We need to start looking at our selfs as Human beings looking for a better, more advance future in this island not only as Íslendingar, as that is the silly tool the Elite uses to mold and handicap us.”
This is true, this is our biggest problem, far bigger than icesave and IMF, and there is only one solution to his problem, we may soon see how much of Egill Skallagrímssons blood still runs in our vains.
“IN THE NEXT MONTHS IS SEE A LOT OF VIOLENCE AND REBELLION HAPPENING IN ICELAND. PEOPLE IS JUST GOING REALLY NUTS HERE. THAT I CAN TELL. I HAVE A GOOD SALARY BUT THIS SALARY IS A MISERY FOR A COUNTRY WHERE EVERYTHING COST THE DOUBLE THAN ONE YEAR AGO… WTF!!! AND THEN YOU CAN IMAGINE IN THE SITUATION MOST OF ICELANDERS ARE LIVING NOW. I HAVE 0 DEBTS, A GOOD SALARY IN ICELANDIC TERMS. AND THIS IS JUST FOR MAKING A LIFE. SO I DON´T THINK ICELANDERS ARE GOING TO TAKE THIS **** FOR TOO LONG.
I SEE HEADS ROLLING DOWN TO THE SEA IN THE ICELANDIC STREETS. I SEE PEOPLE BURNING THE PARLIAMENT AND I SEE MANY OF THOSE DOGS TRYING TO SCAPE THE COUNTRY. BUT SOME OF THEM WILL BE CAUGHT WHILE THEY SLEEP. WAIT AND WATCH. I AM A FOREIGNER HERE AND I WILL FREAK OUT WHEN I SEE THIS STARTING HERE… AND NOW WAIT… AND SEE”
Agree 100%, i can see this too, the first reaction to the crisis was shock, shock turned to anger and anger has turned to hate, rules and laws apparently only apply to some of us.
“Iceland is a self sufficient country and is working quite well, no panic here, a depression is actually good in some ways, fresh and new ideas, new companys, more energy and speed put into previously existing projects etc.”
ROFLMAO!!
Not jet!! that should be the agenda now, but it is not.
The elite still in control of the country and are not going to let go, so forget your ideas until they get overthrown.
We need to start looking at our selfs as Human beings looking for a better, more advance future in this island not only as Íslendingar, as that is the silly tool the Elite uses to mold and handicap us.
Benny said:
>Ladies and Gents, can’t you simply acknowledge the fact that Iceland is no
>longer in a position to negotiate whatsoever.
What poopycock. It’s a big world out there. EU commission and member state are no friends of Iceland that much is clear.
( Look at the ridiculous bullying of Irish leading up to the Lisbon Treaty — EU constitution — vote forced on them.. again tomorrow 2nd Oct. I hope they not NO to it again. )
Surpisingly the new Norwegian government looks to lend a large sum to its fellow member outside EU if asked.
But if not them others. It is only Social Democrat EU at any cost politicians that lacks imagination in this area.
The existing coalition in Iceland of Red-Greens is time expired. Because of opportunism of Social Democrats — long pattern of they behavior. When you are not listneing to people in country and only to the people next to you in government chairs you are doomed, and that is her style.
Bjarni has done some imagining about scenarios+ but of course it is shocking that current government did not and has not — but that is because main leader is as Jóhanna ” There is no Plan B ” Sigurðardóttir.
+http://www.icenews.is/index.php/2009/07/01/iceland-icesave-deal-“there-is-no-plan-b”/#comment-83787
My own opinion on this is here :
http://www.icenews.is/index.php/2009/07/01/iceland-icesave-deal-“there-is-no-plan-b”/#comment-83679
IN THE NEXT MONTHS IS SEE A LOT OF VIOLENCE AND REBELLION HAPPENING IN ICELAND. PEOPLE IS JUST GOING REALLY NUTS HERE. THAT I CAN TELL. I HAVE A GOOD SALARY BUT THIS SALARY IS A MISERY FOR A COUNTRY WHERE EVERYTHING COST THE DOUBLE THAN ONE YEAR AGO… WTF!!! AND THEN YOU CAN IMAGINE IN THE SITUATION MOST OF ICELANDERS ARE LIVING NOW. I HAVE 0 DEBTS, A GOOD SALARY IN ICELANDIC TERMS. AND THIS IS JUST FOR MAKING A LIFE. SO I DON´T THINK ICELANDERS ARE GOING TO TAKE THIS **** FOR TOO LONG.
I SEE HEADS ROLLING DOWN TO THE SEA IN THE ICELANDIC STREETS. I SEE PEOPLE BURNING THE PARLIAMENT AND I SEE MANY OF THOSE DOGS TRYING TO SCAPE THE COUNTRY. BUT SOME OF THEM WILL BE CAUGHT WHILE THEY SLEEP. WAIT AND WATCH. I AM A FOREIGNER HERE AND I WILL FREAK OUT WHEN I SEE THIS STARTING HERE… AND NOW WAIT… AND SEE
“Really, made me laugh with your propaganda! No, Iceland is not for sale because it has been already sold per your old Governments but, you cannot understand this point! You do not wish to understand this point! … And, I do understand to you!”
No you dont, just slide under your sombrero Jorge and catch a few ZzZz, the EU will find a way to get the IMF to strangle some country somewhere for money to pay your unemployment benefits,
it must be grate to know some people who know some people who rob some people ;), it makes life so much easyer.
Jorge said
“Good luck, you will need to sale many many many many many tons of cods!”
We have cod to sell, you wish you could say the same, but unfortunetly you killed your fishing stocks long time ago, wonder how ? ahh greed and stupidity, almost forgot,
Benny, do you see China trying to conquer Europe ?
who has tryed to do that ? the Naziz and ????
“No, the only thing Icelanders can and should do is take their responsibility and pay the debts their system have caused.”
If you knew what you are talking about you would know what system caused this.
“If this government is not able to handle this, as Ogmundur Jonasson resignation shows, than other people will come and get the job done. History goes always this way, there’s no alternative or break for Iceland”
Other people will come ? lol
There seems to be some misunderstanding here, the reason why we cant wait any longer for the Icesave deal or the IMF is simply because there is no reason to wait anymore, time is being wasted,
Iceland is a self sufficient country and is working quite well, no panic here, a depression is actually good in some ways, fresh and new ideas, new companys, more energy and speed put into previously existing projects etc.
“Are you saying that the IMF would loan the Iceland state that money on the condition that restrictions on capital transfer would be lifted and one of the effects of that is the IMF loan would simply vanish with the money transfers?”
Yes, thats how this works, the IMF is just a debt collector.
The Cinese are already here, Chinalco is the biggest shareholder in Straumsvík, and they are building a powerplant in Þeistaeykjum that will power the Aluminum plant in Bakki Húsavík, witch they will probably also build,
Chinalco bought a copper mine last year from
Ross Beaty who recently bought a large stake in HS Energy, Hu owns Magma Energy ? :)
China has been lending USA, that gives people a idea of the financial power it has, i am not sure that buing US debt was a good idea, the USA is now buying its own debt using “quantitative easing”
(printing $)
http://en.ec.com.cn/article/newsroom/newsroomfinance/200906/887554_1.html
“Debt is debt, but assuming the terms are similar, I’d personally prefer to be in debt to people who may be more flexible just by virtue of similar cultures and press pressure. Neither of those applies to China, who you’ve acknowledged are pretty ruthless.”
Your saying the EU is flexible and not ruthless ?
>I also hope you won’t tell this to the face to Chinese that they as good as Nazi. You might be in trouble then. But anyway would be interesting to hear what’s wrong with China. Why do their money smell not as good as British ones?
I’m a big fan of the Chinese system of government. After all, has any other country managed to enforce population growth limitation measures in the face of advances in medicine?
That doesn’t mean that I personally wish to live under the system though.
I can see a load of similarities between authoritarian (nominally) communist regimes and authoritarian fascist regimes. Can’t you?
Debt is debt, but assuming the terms are similar, I’d personally prefer to be in debt to people who may be more flexible just by virtue of similar cultures and press pressure. Neither of those applies to China, who you’ve acknowledged are pretty ruthless.
[No CAPTCHA - thanks Alex!]
2 Jorge ; SPAIN
Thanks, Jorge. You opened my eyes over Russia.
Would you also be so kind to translate some documents from Russian to English so everyone here could get your knowledge as well :-)
Benny.
With all respect – NO. You are a young person for sure who has been living all his life in a very easy place to live. So you have NO idea what “broke” and “basta” really might look.
Just as a tip – you know that basta is here when you can’t buy a bread/milk cause there is none to buy/get. No joke – none!
How has turning to IMF and EU helped Iceland?
I also hope you won’t tell this to the face to Chinese that they as good as Nazi. You might be in trouble then.
But anyway would be interesting to hear what’s wrong with China. Why do their money smell not as good as British ones?
Sorry, Benny, but your logic is somewhat …blurred to me :-)
First of all “young” people don’t have needed knowledge and experience to be of such great help. It was their fathers and mothers who were, are and will be doing the job their children should be proud of.
Secondly you avoid naming those who is seeking better life outside Iceland ;-)
This one I agree with. Current system is not capable to deal with the mess as it’s the main reason of the mess.
>History goes always this way, there’s no alternative or break for Iceland
Actually, history is full of examples where a sub-optimal choice was made for reasons of pride, ignorance or just plain incompetence.
Not that I’m saying that going full default would be a sub-optimal choice. As Bjarni (and indeed the current PM) said, no one seems to have considered what happens in each alternate future that Iceland faces.
(Goddam CAPTCHA!)
Ladies and Gents, can’t you simply acknowledge the fact that Iceland is no longer in a position to negotiate whatsoever. Iceland is broke, bust and basta.
Turning to China is a big mistake, I can even compare it with the Germans turning to the Nazi’s in 1930 when they were desperate.
No, the only thing Icelanders can and should do is take their responsibility and pay the debts their system have caused.
There’s no room anymore for playing games.
And yes, the winter will be very cold and take many years…but that is the consequence of the politics of the past.
This is not a very popular message, I know that… but it is the only realistic one.
The government of Iceland has no other choice than going on savings mode: a)scaling back a lot of programs and b) raising taxes c) join the EU
If this government is not able to handle this, as Ogmundur Jonasson resignation shows, than other people will come and get the job done. History goes always this way, there’s no alternative or break for Iceland
Young people, at the beginning of their career, should know they don’t have an easy future in Iceland, and yes, it is easier to move to another country and have an easier and better life.
Some of the youngsters will likely do so in the next couple of years, others will remain and help build up the country again. They are the real hero’s one can be proud of
Axel said:
if Iceland fails to secure IMF funding?”
“We would never have seen this money, the 800 $ witch is the only payment so far is sitting in a bank in NY, the IMF idea was to use this money to strengthen the currency reserves and then remove all restrictions, the ideology behind this is like giving a shot of morfin to a terminal patient, the difference is the the effects would only be felt by some investors who want to pull their money out without loosing to much, the IMF helps no one, quite the contrary, we will solve this some how,
we are better off without the IMF,”
—————————–
Are you saying that the IMF would loan the Iceland state that money on the condition that restrictions on capital transfer would be lifted and one of the effects of that is the IMF loan would simply vanish with the money transfers?
To Bromley86:
>>>>It looks like the right time to ask again if anyone in Iceland has published an analysis of what happens if Iceland fails to secure IMF funding?
We are not so advanced here, as think of analyzing something that only might happen. Remember “No Plan B” :-)
@Axel and Alexander:
Easy said: “England, Holland and Europe WILL put iceland on its knees. and guess what? they have done it”
Axel said: “You are talking about the goberments of England and Holland, and the people that control the EU, you may have sold your a** to the EU, but Iceland is not for sale, nor its people or their freedom”
Really, made me laugh with your propaganda! No, Iceland is not for sale because it has been already sold per your old Governments but, you cannot understand this point! You do not wish to understand this point! … And, I do understand to you!
Iceland is sold, its people are sold and its freedom is sold, too! You live in 2005 and, Iceland does not live in 2005 but 2009! Perhaps, you could change your mind. I have my doubts!
Axel said: “we can not do busyness with Gordon Brown or any EU suck ups, there for the icesave deal is toast and IMF on its way out, this madness must be stopped, Brown and a few smaller t*rds can not ruin a great country like Iceland, or England.”
Brown has not ruined England! And, Brown is not going to ruin Iceland because Iceland is a ruined country! Really, England is not a ruined country! Iceland is a ruined country today. And, fact of comparing England and Iceland like great; what thing are you comparing?
Alexander said: “Claus, for the record – Russia didn’t offer any loans. It was rumors and it was Iceland that asked for loans. But Russia now is not in the position to offer loans. Just the tip – exchange rate of ruble to krona is same as before the crash. This means – ruble crashed at same rate as krona… Get it?”
Yes, yes, yes! Russia did offer loans to Iceland with some d*** ‘conditions’ ; perhaps you do not know this point! Perhaps you do not know some open secrets between Iceland and Russia on the last years! There are so many things to discover! There are private companies with agreements, ‘pacts’, and some never will be known!
Russia is in the position to offer loans … if its desire is honoured! Before and now!
About exchange rate of the Ruble and the Króna:
October 1st 2007: Ruble / Isk 2,4752 ;
January 2nd 2008: Ruble / Isk 2,5547 ; -3,11%
October 1st 2008: Ruble / Isk 4,2538 ; -41,81%
September 30th 2009: Ruble / Isk 4,121 ; -39,94%
Exchange rate of Ruble to Króna IS NOT same as before the crash and, this means ruble DID NOT crashed at same rate as króna. Get it?!
Alexander said: “So my best bet is on China. The only country with real money, without any ideology behind money – pure pragmatic interests. And because of such a small case as Iceland doesn’t make much difference for China (if any) in financial terms – I doubt they would ask for any special “favors”. Just to be able to show Hu Is Hu to the world might be enough motivation for China (I mean strategic political gain would way much greater than any financial “profit”). So the only question – hu has the brains in Iceland to make right decision?”
Not comment!
Axel said: “If a number would be decided it would be far greater than the amounts Iceland could possibly be forced to pay, if your people are the UK gov, USA gov or EU then tell me how are you going to pay ? print ??, for your imaginary money issued as debt every one knows you cant pay i vill give you castles mountains rivers and oceans, in the Elf world, where everything is also imaginary. the finanial problems Iceland are extreamly difficult, same goes for UK EU and USA, the main difference is that our economy is repairable.”
Yes, it only is a country of 320000 inhabitants! As you said, England (60millions) and Iceland (0,32million) are great countries!
Axel said: “We would never have seen this money, the 800 $ witch is the only payment so far is sitting in a bank in NY, the IMF idea was to use this money to strengthen the currency reserves and then remove all restrictions, the ideology behind this is like giving a shot of morfin to a terminal patient, the difference is the the effects would only be felt by some investors who want to pull their money out without loosing to much, the IMF helps no one, quite the contrary, we will solve this some how, we are better off without the IMF”
Good luck, you will need to sale many many many many many tons of cods!
>China. The only country with real money, without any ideology behind money – pure pragmatic interests
Evident in their dealings in Africa Alexander – contractual interest only.
I’m not being critical – such an approach would have been less hassle for the UK in their African dealings.
Perhaps, the present UK/Dutch stance with Iceland is more like China than Imperialistic?
“If point 1 > point 2 + point 3, then there’s potentially a deal on the table. I’ll get my people to call your people.”
If a number would be decided it would be far greater than the amounts Iceland could possibly be forced to pay, if your people are the UK gov, USA gov or EU then tell me how are you going to pay ?
print ??, for your imaginary money issued as debt every one knows you cant pay i vill give you castles mountains rivers and oceans, in the Elf world, where everything is also imaginary.
the finanial problems Iceland are extreamly difficult, same goes for UK EU and USA,
the main difference is that our economy is repairable.
“Our nation has nothing at this moment except for making us slaves of the crown with consent, the new form of world slavery”
If you listen to the man at the end of this video he sounds very much like the averige Icelander.
http://www.youtube.com/watch?v=bzgO2DE4-b4
“It looks like the right time to ask again if anyone in Iceland has published an analysis of what happens if Iceland fails to secure IMF funding?”
We would never have seen this money, the 800 $ witch is the only payment so far is sitting in a bank in NY, the IMF idea was to use this money to strengthen the currency reserves and then remove all restrictions, the ideology behind this is like giving a shot of morfin to a terminal patient, the difference is the the effects would only be felt by some investors who want to pull their money out without loosing to much, the IMF helps no one, quite the contrary, we will solve this some how,
we are better off without the IMF,
Not clear if this message was lost among wires (as I got some error note about cookies and CAPTCHA) or whether it didn’t pass moderation. So I’m sending it again.
————
Good joke, mazarin, good joke..
But at first let’s see if Europe is able to help itself :-)
Sorry, bro, but it was not Iceland. It was private institutions plus a bunch of ******** in Britain and Holland who are doing their best to move their mistakes on Iceland. For sure I don’t owe anything to nobody in UK/Holland. Period.
Claus, for the record – Russia didn’t offer any loans. It was rumors and it was Iceland that asked for loans. But Russia now is not in the position to offer loans.
Just the tip – exchange rate of ruble to krona is same as before the crash. This means – ruble crashed at same rate as krona… Get it?
I didn’t get it, Vladimir. What did you mean?
Radek.
I don’t want to disappoint you but let’s talk about it AFTER you get your first “erous” (if any).
I doubt it.
She just talking excuses why she couldn’t deliver her promises to EU and IMF.
So my best bet is on China. The only country with real money, without any ideology behind money – pure pragmatic interests. And because of such a small case as Iceland doesn’t make much difference for China (if any) in financial terms – I doubt they would ask for any special “favors”. Just to be able to show Hu Is Hu to the world might be enough motivation for China (I mean strategic political gain would way much greater than any financial “profit”).
So the only question – hu has the brains in Iceland to make right decision?
Ók it is winter time and Kreppuanniversary! Get ready to ride the 2nd kreppa wave…….
“but Iceland is not for sale, nor its people or their freedom,”
I think you need to rethink that!!
“England and Iceland have many things in common”
Manufacture treason thats what it may be in common, but nothing else the ruling power of the world is on the UK crown, the Military power is under that also, Our nation has nothing at this moment except for making us slaves of the crown with consent, the new form of world slavery.
Jóhanna is just a poppet put there as a scape goat as when things get really F+ck people will blame her also, and little by little forget about Geir as she is the one dealing with the deal and enslaving us for nothing. This nation has been program to only see what is being told and condemn anything at the moment with out questioning the reason of how things get started or to look at a full picture.
How can we still be fool with an excuse as we dont do this or that, we will be isolated from the world…are we that clueless? we are in the 21 century anything like that is impossible but here we have it, it is a shame. A nation with so many Uni.graduates but still so fool and immature.
It looks like the right time to ask again if anyone in Iceland has published an analysis of what happens if Iceland fails to secure IMF funding?
“Iceland is not for sale”
1. What is its breakup value?
” nor its people”
2. How much to buy all Icelanders?
” or their freedom”
3. How much to pay off all of their debts and other liabilities (the traditional way to free bound slaves)?
If point 1 > point 2 + point 3, then there’s potentially a deal on the table. I’ll get my people to call your people.
Axel you really made me laugh with this speech: “but Iceland is not for sale, nor its people or their freedom,
we can not do busyness with Gordon Brown or any EU suck ups, there for the icesave deal is toast and IMF on its way out, this madness must be stopped, Brown and a few smaller t*rds can not ruin a great country like Iceland, or England.”
Its SOOOO 2007, that I feel sorry for you, really.
But like many people say “WE HAVE FISH AND POTATOES” really?? you better start getting yourselve a fishing cane because you are going to need it.
Easy said: “England, Holland and Europe WILL put iceland on its knees. and guess what? they have done it,
You are talking about the goberments of England and Holland, and the people that control the EU,
you may have sold your a** to the EU,
but Iceland is not for sale, nor its people or their freedom,
we can not do busyness with Gordon Brown or any EU suck ups, there for the icesave deal is toast and IMF on its way out, this madness must be stopped, Brown and a few smaller t*rds can not ruin a great country like Iceland, or England.
England and Iceland have many things in common
http://www.youtube.com/watch?v=bzgO2DE4-b4
Its good to see that Jóhanna is finally coming to her senses, about time.
As a foreigner temporarily working on Iceland (two months) – I must say it is not very wise and diplomatic from your Prime Minister to say such statements.
If she would not say so, I would not transfer my whole salary in Euros straight to my country once I will get it….and so would not do other thousands of foreigners working here. Maybe I would wait for the next one….but now I am not going to wait so long.
Let’s call it slight panicking…or “normal reaction on such statements in current circumstances on Iceland”….and such panic can cause that your foreigner currency reserves will dry up much earlier then previously expected.
>Why dont take money from Russia
They would, but Russia isn’t willing to give them enough. $500m is useful, but less than 10% of what they need.
As I said before, all it needs is for Norway to guarantee the loan for the period after 2024 and then all the financial wheels can start turning again.
Why dont take money from Russia, 2 Alexander E. the same in the long run it might be a real friend, as the ex president of Russia said)
yeah, this is the result of some greedy member of the Icelandic community. The EU wont help, the same will be with IMF. Putting Iceland on the knee, make them begging for money. What about the Nordic “friends”? Are they waiting for some chances to step in to Iceland,,taking over some industry, some property and what else? There are no friends and when I remember, the Russian offer was rejected? Why. Who is more worse in the end? Or is someone afraid that Russians are coming with Kalashnikov?
Europe will help Iceland. But only if they take some responsibility for their actions and agree to pay their bills. Icelanders are arrogant and too proud for their own good, thinking the rest of the world is obligated to bail them out. Nobody is going to lend even more money to a country that openly states it’s not going to pay back the money it owes. It can get very lonely out there in the middle of the atlantic with no frends and nothing to eat except your pride.
“PM: Iceland cannot wait much longer for IMF payout.”
And the International comunnity says: “so what?”
“what can YOU do about it?”
You see Iceland doesnt depend on itselfe anymore, and thats what people and the JOKE we have as goberment dont understand, iceland is not in a possition to demand, negotiate or offer, we are in a possition of ask(nicely), beg, and accept. I said it long long time ago, England, Holland and Europe WILL put iceland on its knees. and guess what? they have done it, the last week and this one the pm has done nothing buy cry to England and Holand and IMF to give us the second payment of the loan.
As I said many time before – China is not the best friend of Iceland but in the long run it might be the only one real friend.
And the sooner Icelanders get rid of illusions about EU, IMF and other “friends” – the better.