Apparently some depositors still think that IoM is in the UK – and the EU for that matter.

The parental guarantee is, unlike the EEA deposit guarantee, undeniably a guarantee solely backed by a private company. That company is in administration. Therefore, the guarantee joins the line of creditors.

Whether the emergency law holds, leaving less money for the guarantee, or not is up to various legal systems. No amount of political pressure will make Iceland shift on that because they simply cannot afford to without forcing 300,000 people into exactly that poverty that you mention.

The Isle of Man government has presumably made the decision that it would not be worth the cost of reimbursing 100% of the deposits. It’s not for the British government to tell them that that is the wrong decision.

So a meeting between the UK & Icelandic PMs would be unlikely to help your situation. Or am I missing something?

Not really. I’d like to see anyone else do better in that sort of situation. Her son lost two legs, a hand, a chunk of his face and then bled to death. I don’t think anything anyone said was going to change how she felt.

One tough mom, she mopped the floor with Brown :)

“On Jun 30, 2009, Vilhjalm Antonsen said:

10 DOWNING STREET
LONDON SW1A 2AA

23 June 2009

Dear Prime Minister

I am delighted that our great countries have reached an agreement regarding the sensitive ICESAVE dispute. However, it has been brought to my attention that conformation from the Icelandic Parliament has not been assured.

Let me make it clear that should the Icelandic parliament reject our agreement, such a humiliation would not be easily tolerated by Great Britain. I am sure you understand that we consider parliamentary support only as a formality in diplomatic relations between countries.

Should the Icelandic Parliament reject the agreement I ensure you that there will be no further negotiations. You must understand that my government can not appear weak when dealing with a country of only 300,000 citizens. We will therefore be obliged to use our influence within the European Union as well as the International Monetary Fund to slow down any aid or development. This might result in cancelling loans and postponing the Icelandic application for EU membership. More serious consequences would follow with gradual isolation of Iceland from the international community.

It will eventually be realized that the Icelandic parliament will have no other options than to confirm this agreement but the time wasted until conformation is indeed unfortunate.

I am deeply sorry for sharing such unpleasant concerns, but I wish you to be fully informed on the vital importance of having our differences solved quickly and easily, so I hope you are able to influence your respected members of parliament. Only if necessary, you may share the contents of my letter to relevant parliament members on a confidential basis.

Let me at last ensure you that it is the full intention of Great Britain to maintain the strong friendship between the two nations. We will certainly acknowledge special interests of Iceland regarding its application for membership in the European Union.

I believe that our two countries will become even stronger allies in the future as we sail through these difficult times.

Yours sincerely,
Gordon Brown
(sign)”
—————–
We decided it probably false because of spelling errors, this looks like something Brown would write and his way of thinking, the threats and his stile of doing busyness fit to what we have seen since this was posted here.

http://www.icenews.is/index.php/2009/06/26/rejecting-icesave-deal-could-be-akin-to-declaring-war/

http://news.sky.com/skynews/Home/UK-News/Afghanistan-Transcript-Of-PM-Gordon-Browns-Telephone-Call-To-Jacqui-Janes-Whose-Son-Was-Killed/Article/200911215448445