The popular Silfur Egils current affairs television programme today looked at the Icesave issue in detail with live satellite interviews from around the world. Large parts of the show are in English and available to view online.
Eva Joly and Alain Lipietz, one of the European politicians behind the cross border banking directive, spoke live from Paris. Economist Michael Hudson spoke from the USA. Elvira Mendez Pinedo and Gerarar Van Vliet also appeared on the programme.
It can be watched in full here.
>Alain Lipietz, one of the European politicians behind the cross border banking directive
Just to clarify, he wasn’t behind the 1994 directive.
Bromley86:
Looks like you are just like these people that are going down but still throuh one or two pnches, to the air by the way. Are you acctually trying to discredit what he, well not only he but every single person that was interviwed yesterday(Eva Joly, Michale Hudson, Elvira Mendez, Gerard Van) said, because he was not envolved in the 94 directive? (Were you?) to write the 00 he had to be very, very familiar with the 94, so I think I will trust him more than an anonymous poster in this or any blog, and more than every Icelandic “economist”, for all I know you can be an economist or an unemplyed kinder garden theacher or handyman, any ways I would trust their curriculums more. Somebody could argue about Forign saver beeing descriminated, there could be some of a case there, but then again, no forigner saver was descriminated in Iceland. And if you think about it, Iceland could have not been charged of that untill the 9 months to repay savers would have ran out, but Brown didnt allowed that time to happen so there is no descrimination case. So unless you can come with enough evidence that you were involved in the 94 directive, and that you are a well known european parlamentarian and economist don’t spect many people trusting you over these people. And I honestly mean no offence.
I have allways said that Iceland WILL accept Icesave with these or even worse conditions, and I strongly belive that for one reason, icelanders dont have it in them stand against it, we had it maybe one or two generations ago, not any more.
But after the 5th of Januar I started to think that there is a small tinny possibility that we will stand fast against a bully but Johanna, stengrimur and company are so determinated to go into europe that they would sell their own mother to do that, and Icealnders are so afrais of getting the old govermant back and “so tired of this icesave” and the new frase or shall I say farce the goberment is strongly campaigning “lets get this done so we can move on with our lifes” I hope people wont fall for that but I’m afraid they will, so dont worry Bromley86, you will get your 50 pounds back.
@Easy
Would this be an example of one of those strawmen that Fisy’s always on about :) .
What I said was in response the the wide mis-reporting (including by Joly herself in the interview and potentially by Alex in the article above) that he was involved in the drafting etc. of the 1994 directive. As he himself makes clear, he was not. Makes you wonder if the journalists actually listened to the whole thing.
All that said, feel free to trust him. He wasn’t especially convincing to me. There seemed to be some colourful errors in what he said regarding the Anti-terror aspect and little actual legal argument. Certainly I was left wondering if he was arguing from fact or based on his ideology.
For the avoidance of doubt, I was not involved in the 1994 directive :) . From the understanding that I’ve build up over the past year, that directive may not even be the basis of the legal argument that Iceland needed to extend a state guarantee. But the only way you or I (or indeed Lipietz) would ever really know is if it went to court.
@Easy
Why do you keep calling UK and Dutch people bullies. The only bullies in this banking mess are the bully Icelanders who took the deposits and don’t want to pay it back at a 5.5% interest rate which is less than the interest rate they offered Icesave and EDGE depositors in the first place and less than the 10% Iceland Central Bank rate. If Icelanders wanted to tkae part in global finance then they have to collectively take the rough with all that smotth that allowed them to live the high life during the good years. By all means call your Central Bank a bully, after all it is getting money through the Icesave loan at 5.5% and then lending it to you Icelanders at a whopping 10% or more.
@Grim Reaper
Well, why are YOU calling UK and Dutch people bullies?? it is actually YOU who is calling UK and Dutch bullies. An I take it you are one. I will cuote my self “…stand fast against a bully…”
Where do you see me calling UK and Dutch peole bullies? do you know what “a bully” means? it means ONE bully, yes Sr. thats true it means ONE bully.I you read the previous post you would know who was I talking about.
If you read the previous post you would know who I was talking about. I’ll spare you the time: Brown.
>>Alain Lipietz, one of the European politicians behind the cross border banking directive
Brumely write :
>Just to clarify, he wasn’t behind the 1994 directive.
But he has deep knowledge of it and the context that has changed around it since it was originally passed into EU law, as he did shape its sucessor directive in 2002.
This man has deep knowledge of these specific EU directives that effect branch regulation of banks and specifically so called financial conglomerates ( which is what Landsbanki was operating as with its branches in EU ).
This supplementary directives in 2002 was passed into law after that into law of EU very recently ( one of few that Iceland did not get to finish making in law but most EU states did ).
Despite at first he reminding me in the interview+ of Peter Sellers as Inspector Clouseau ( not offenses intended ) once Alain got into the meat of it we do get highlighting of main specifics why UK and Holland did not want to see this in any court.
Just to explain, Alain Lipietz ( Euro MP for many years from Left Green party ) was rapporteur and shadow rapporteur++ on the making of the 2002 directive ( EU laws ) which is controls the supplementary supervision of credit institutions, insurance undertakings and investment firms in a financial conglomerate;
proof here quickly from the EU parliament website for the professional dis believers ( UK ) on this forum :
http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//TEXT+REPORT+A5-2002-0367+0+DOC+XML+V0//EN#title1
” At the sitting of 14 March 2002 Parliament adopted its position at first reading on the proposal for a European Parliament and Council directive on the supplementary supervision of credit institutions, insurance undertakings and investment firms in a financial conglomerate and amending Council Directives 73/239/EEC, 79/267/EEC, 92/49/EEC, 92/96/EEC, 93/6/EEC and 93/22/EEC, and Directives 98/78/EC and 2000/12/EC of the European Parliament and of the Council (COM(2001) 213 – 2001/0095 (COD)).
At the sitting of 24 September 2002 the President of Parliament announced that the common position had been received and referred to the Committee on Economic and Monetary Affairs (9754/3/2002 – C5-0424/2002).
The committee had appointed Alain Lipietz rapporteur at its meeting of 6 November 2000.
It considered the common position and draft recommendation for second reading at its meetings of 1 October 2002, 8 October and 5 November 2002.
At the last meeting it adopted the draft legislative resolution by 34 votes to 1.
The following were present for the vote: Christa Randzio-Plath, chairman; Philippe A.R. Herzog and John Purvis, vice-chairmen;Generoso Andria, Luis Berenguer Fuster (for a full member to be nominated), Pervenche Berès, Roberto Felice Bigliardo, Hans Blokland, Hans Udo Bullmann, Harald Ettl (for Bernhard Rapkay), Carles-Alfred Gasòliba i Böhm, Robert Goebbels, Lisbeth Grönfeldt Bergman, Mary Honeyball, Christopher Huhne, Othmar Karas, Giorgos Katiforis, Piia-Noora Kauppi, Christoph Werner Konrad, Werner Langen (for Ingo Friedrich), Astrid Lulling, Hans-Peter Mayer, Peter Michael Mombaur (for Renato Brunetta), Marcelino Oreja Arburúa (for José Manuel García-Margallo y Marfil), Karla M.H. Peijs (for Ioannis Marinos), Fernando Pérez Royo, Alexander Radwan, Mónica Ridruejo, Olle Schmidt, Peter William Skinner, Charles Tannock (for Jonathan Evans), Helena Torres Marques, Bruno Trentin, Ieke van den Burg (for David W. Martin), Theresa Villiers.
The recommendation for second reading was tabled on 5 November 2002. ”
So we know a few of the names that is behind the rubber stamping of EU directives after they is created by name less EU commission bureucrats.
To his credit this is exactly what Davið were talking about in hes not publicised much and not transcribed into English interview with MBL in early July 2009 and also the Skjárinn interview :
http://www.icenews.is/index.php/2009/07/13/the-icelandic-government-is-not-responsible-for-icesave/#comment-85803
http://www.icenews.is/index.php/2009/07/01/iceland-icesave-deal-“there-is-no-plan-b”/#comment-84576
(IceNews did not cover that interview in MBL despite my prodding them to give it coverage it deserve at time as you can see from links.)
+http://dagskra.ruv.is/sjonvarpid/4472547/2010/01/10/
++Authors of reports made by committees of the European Parliament are known as rapporteurs. People assisting or helping the rapporteur are called shadow rapporteur.
Like all this use of term ” competence ” and other words in special language, it is all from the original designs of EU made by French architects Jean Monnet and Valéry Giscard d’Estaing mainly.
@Grim Reaper
But what in the case when it seems that Iceland is not legally responsible for the debts? In that case a 5,5% on a loan you are not legally responsible for is very high. Find out first the legal point before jumping into conclusions, there are too many people saying something different, there is only one way to find out the correct thing and that it taking it to court.
This whole Icesave thing shows that Iceland has nothing to do in the EU. If they can not negotiate a deal like this what do they want to deal with in the EU?
Basic stuff on Icesave:
11.01.2010: Alain Lipietz – TV interview
10.01.2010: Alain Lipietz og Eva Joly – TV interview
22.12.2009: The Colonial Powers bear Complete Responsibility for the Icesave Accounts
http://www.youtube.com/watch?v=02hu-OQEns0