Members of the Icelandic government and the opposition met this morning to further discuss the Icesave issue.
The country’s Minister of Finance, Steingrimur J. Sigfusson, told RUV he believes a united position is about to be reached between all parties – a key requirement of the British and Dutch authorities before any renegotiation can take place.
Sigfusson explained that the next step is to telephone British and Dutch government members and also to use the help of the New York-based lawyer Lee Buchheit, who arrived in Iceland today. Other financial experts from Canada are also expected as advisers to the Icelandic government.
wow, very clever!! why don´t they get somebody from wales or scotland, I mean if they are looking for impartiality!!
Not important, but isn’t he American? And double-h.
http://www.cgsh.com/lawyers/bio.aspx?lawyer=f2725186-db47-4cae-a4a0-eb5b8a23fd7a
I just shows that there is nobody from Europe who could be considered pro-Icelandic. Canadians… I presume they are from the French speaking part.. I’m sure some of them would be quite anti-British.
“Canadian financial experts”
…because they are experts in EU law?
Jimbo (original Jim) says:
“Canadian financial experts”
…because they are experts in EU law?
No they have to fit the definition of impartial to the Icelandic mindset – i.e. hate the British.
Why wouldn’t we Canadians be involved in Icelandic affairs? We have after all the highest Icelandic descendants of amu other country…
To the UK people: keep treating Iceland like crap, it’s to our advantage.
More entertainment!!!
Maybe before you post weak comments, you should consider that
Canadian Banks survived this world wide recession far better than any other major economy. The use of some common sense and realistic banking expertise may be just what this situation requires. I really think it is petty thinking to believe they would tilt the table against Iceland.
@Dude
So effectively you are admitting that Canadians would be biased in favour of Iceland.
@Stephen
Read Dude’s comment.
@Stephen
it’s true! Canadian banks are conservative institutions and came out best in the financial crisis. Would the Canadians be biased? Well they are members of the Commonwealth. However, I think they would do a thorough and professional job.
I’ve been living in Canada for 10 years so my money is in Canadian banks!
So who would qualify as an unbiased advisor?
>wow, very clever!! why don´t they get somebody from wales or scotland, I mean if they are looking for impartiality!!
Brown and Darling have really besmerched the reputation of the Scottish.
An arbitrator in Norway or Switzerland would be best.
They have experts and judges with knowledge of both EFTA and EU laws/regulations.
Mediation experts in most EU states only know it from EU side.
EEA is one market but EU and EFTA ( Norway, Iceland ) are slightly different. For example EFTA regulated entity has slightly different trust when it starts to work in EU member state; password scheme not completely automatic as it is for EU memberstate based financial institution, etc.
..and of course regulations for EFTA members under the EFTA Court not European Court of Justice. And instead of under EU commission are under EFTA Surveilliance Authority.
EU commission already did try its kangeroo court ” binding arbitration ” in November 2008 against Icelandic government and it was so clearly unfair that Icelandic government did with draw before the process convened+. Read specifics here :
http://www.icenews.is/index.php/2009/07/29/more-members-of-parliament-against-the-icesave-deal/#comment-87719 EFTA Surveillance Authority did distance them selves from opinion and process
http://www.icenews.is/index.php/2009/07/29/more-members-of-parliament-against-the-icesave-deal/#comment-87236 Analysis of what EU appointees opinion did say
+http://www.icenews.is/index.php/2009/07/29/more-members-of-parliament-against-the-icesave-deal/#comment-87419 withdrawal letter from Icelandic financial minister
“they have to fit the definition of impartial to the Icelandic mindset”
It is intended that the Canadian financial experts will be advisors, not mediators. For a professional advisor, knowledge of EU law is relevant – and impartiality is almost irrelevant.