Comments on: European Investment Bank injects megabucks in Icelandic megawatts http://www.icenews.is/index.php/2009/11/21/european-investment-bank-injects-megabucks-in-icelandic-megawatts/ Thu, 09 Feb 2012 22:58:29 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Dr Yogi Nero http://www.icenews.is/index.php/2009/11/21/european-investment-bank-injects-megabucks-in-icelandic-megawatts/#comment-102834 Dr Yogi Nero Mon, 23 Nov 2009 04:03:08 +0000 http://www.icenews.is/?p=10470#comment-102834 Surely, equity would have been better, but sometimes the equity can't be floated when the ISK currency isn't on the FX and ISK lost 60% of its value since 2007 peak. And the loan would have to be repaid probably in EUR that means that Iceland central bank has their hands tied. The profitable parts of the government will be privatized, chopped up and sold off to predatory European Investment Bank. If the lender was Norway, there could have been some kinship sympathy. Iceland probably won't be treated badly as yellow or black people or Arabs. Surely, equity would have been better, but sometimes the equity can’t be floated when the ISK currency isn’t on the FX and ISK lost 60% of its value since 2007 peak.

And the loan would have to be repaid probably in EUR that means that Iceland central bank has their hands tied. The profitable parts of the government will be privatized, chopped up and sold off to predatory European Investment Bank. If the lender was Norway, there could have been some kinship sympathy.

Iceland probably won’t be treated badly as yellow or black people or Arabs.

]]> By: Jim http://www.icenews.is/index.php/2009/11/21/european-investment-bank-injects-megabucks-in-icelandic-megawatts/#comment-102558 Jim Sat, 21 Nov 2009 13:23:13 +0000 http://www.icenews.is/?p=10470#comment-102558 Anyone know the terms and conditions of the loan? Was it a fair loan or would Reykjavik Energy have been better off selling some equity instead? Anyone know the terms and conditions of the loan? Was it a fair loan or would Reykjavik Energy have been better off selling some equity instead?

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