west it is so nice that you do agree with me. But what exactly them do you disagree with in my comments ?

I like specifics if we are to have nice civlized discussion that people want to read here.

EU commission like idea of independent Iceland become part of EU because it “prove” that EU is *essential* and that to survive in modern world of globalization must be part of EU.

Iceland in EFTA ( as let us face it UK should be back to EFTA too ) is inconvenient to they view of the world. They must prove that Iceland post 1976 as *idea * cannot exist.

http://www.icenews.is/index.php/2009/04/29/international-interest-in-iceland’s-eu-position-persists/#comment-74169
http://www.icenews.is/index.php/2009/04/29/international-interest-in-iceland’s-eu-position-persists/#comment-74262

My point exactly and the same applies to Lithuania.
Fisy, you shouldn’t worry about Iceland joining the EU.

The UK and Holland did make this payout to they depositor on our TIF ( 94/19/EC guarantee fund )’s behalf without asking first.

Then they did set the terms of loaning the money back to us. That we would pay them back was agreed in Novembmer 2008 in principle but ” negotations ” did take all the way through to May 2009 before we all found out what the terms were.

Regarding this loan made, Bjarni does make this clear analogy :

” ..your two neighbors made an agreement with your bank, without getting prior written authorization to you, that you in case of their bankruptcy, you would guarantee their payments also, even if your own house was burned down recently by your son. The bank is threatening to bankrupt you and your children, unless you sign a new loan to cover the neighbors losses also. ”

http://www.icenews.is/index.php/2010/01/06/iceland-president’s-icesave-decision-drawing-harsh-international-response/#comment-109219

It is well worth the time to read that post and Bajrni’s later comments detailed in it. I think many people will find new facts and understandings.

So everything comes down to the question: Is Iceland able to pay back? Of course the creditors want their money back as soon as possible, even if in the process the country will be destroyed. (That’s what the IMF usually does)

In my view the involved parties have two paths to go. Either they will agree on a repayment scheme that will be viable for Iceland, or Iceland will default (as many countries did in the past) and will try to rebuild it’s economy by its own means while reducing greatly its imports.

I’m sure you support the former path no?

You mean allowing its citizens to be robbed of £3billion++ and then demanding thats Iceland treats its depositors exactly the same as Icelanders, fulfil the legal obligations and pay the guarantee?