Islam officially condemns it, Judaism can’t charge “Interest” to fellow Jews, Catholic Theology still condemns it. Now people are learning the hard way why it was and should still be forbidden.

Yes it can be difficult at first, but, the payments decrease and diminish the overall debt/interest gradually as the payment become smaller and smaller as time goes on rather than paying the full interest to criminal bankers. This should be what Iceland should demand as payment installments. Compound interest concept was formulated right out of Hell. Since “Bankers” (crooks and con men) seduce citizens with their scam’s.

Also Iceland can print their own (in-house) (National Currency) to keep your local economy in business. Currencies from external foreign sources can pay the equivalent of any purchase in their own currencies so you may pay foreign debts using these currencies.

Such a payment agreement, using other currencies, should be considered even for paying off national debt.

God Bless Iceland!

From Massachusetts, U.S.

Nope.
http://www.dur.ac.uk/resources/ibru/arctic.pdf

The decisions were taken by the Banks, like here the UK, and yet the real cost gets attributed to the nation.

Notice how the people defending the situation, here in the UK, US and NL are all related to the banking industry in one way or another.

These are the people (aka wannabe quad’s) that think derogative trading and other ‘instruments’ such as sub-primes, default credit swaps, and now dark pools, are all acceptable.

Sure Worldwide investment is required, but should it not be done ethically and be based on results that bennefit the many, and not the few?

Clearly the IMF are a discrace and should either give the loan or not; this should not be based on other events.

Yet again, money is respected more than human life and the ability to live.

Oh and by the way, that google map selling Iceland is very derogative; however, being a web developer it is also very clever.

However it does not help matters, and just puts nation against nation, whereas actually the majority of peoples think the same way about bankers, be they Islandic, British, or Dutch.

All bankers want conflict, just in the areas they decide, and for some reason this is now Iceland. Be prepare when the wolf in sheeps clothing appears and offers ‘the solution’.

Remember, Iceland has a right over the artic (I think!?) and therefore all the gas, oil, diamonds, gold etc.

Perhaps this situation is starting to make sense now…

http://thedutchiceland.com/

“In case there is any doubt, I still fully stand by my original comment from October:”

>>>>You may think you are bigger and stronger, and therefore you can bully Iceland, but you will never break us!

http://www.icenews.is/index.php/2009/09/30/iceland-health-minister-resigns/#comment-95136

That’s fine Bjarni – I have no complaint. I simply stated – “Although I enjoy Bjarni’s sporadic visits to the forum – he somewhat blew his impartiality in his outbursts where a recessive gene surfaced in his comments.”

Your comment is interesting, but my reference was more do to with independent objectivity, and whilst your prior posts had seemed to encapsulate that independence – on this occasion, I perceived a somewhat Wagnerian – winged helmet. spear bearing manifestation of your persona. But that is good – it helps define an individual stance – to the benefit of contributors.

You ask

>Terry, what is wrong with it Bjarni’s comment?

“>You may think you are bigger and stronger, and therefore you can bully Iceland, but you will never break us!”

You ignore the other more relevant points raised within my post.

http://www.icenews.is/index.php/2009/09/28/british-and-dutch-stance-on-icesave-hardening/comment-page-3/#comment-105412

But seek to deflect from the issues raised stating.

>I still do not understand why you leaders ( except for Boris ) is letting EU crush City of London last thing that UK really does have that gives the country guranteed income.
That you are not looking to leave EU and join EFTA again ( which UK did cofound ) still amazes me.

Interesting stuff Fisy – but nothing to do with my post.

I will answer Bjarni’s post relative to your initial question.

>>>>You may think you are bigger and stronger, and therefore you can bully Iceland, but you will never break us!

It was made in response to the following enlightening comments by Peter – London:

>>>>The EU best (only) option would be to seize Icelandic assets for the non-payment of debt.

>>>You must be perfectly aware that the UK’s ‘anti-Terror’ legislation used against Iceland could be used in this situation. Anything that is against the economic interest of the UK can be seized/frozen.

If UK/EU thinks we are going to surrender to their bullying, just because they have the power to seize our assets (which btw are not nearly enough to cover the debt), they are sadly mistaken.

One way or another, Iceland WILL get through this mess, even if it means sovereign default.

>You may think you are bigger and stronger, and therefore you can bully Iceland, but you will never break us!

Terry, what is wrong with it Bjarni’s comment?

This used to be the attitude of English too. ( And also never to do the bullying — something that Brown and Darling as Scots never would have in they culture which is why they are doing it as well as the political reasons ).

I still do not understand why you leaders ( except for Boris ) is letting EU crush City of London last thing that UK really does have that gives the country guranteed income.

That you are not looking to leave EU and join EFTA again ( which UK did cofound ) still amazes me.

http://blogs.telegraph.co.uk/news/danielhannan/100020456/ten-reasons-to-leave-the-eu/

( This is exactly kind of thread that does make it good to post and read at IceNews. )

I am out of time now but will post here soon enough.