Comments on: Icelandic politicians on track for Icesave agreement

By: Visit.is » Icesave negotiations back on: off to good start

Visit.is » Icesave negotiations back on: off to good start — Thu, 08 Jul 2010 10:41:00 +0000

[...] Icelandic politicians on track for Icesave agreement [...]

By: Jimbo (original Jim)

Jimbo (original Jim) — Thu, 11 Feb 2010 00:17:31 +0000

“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.

By: Fisy

Fisy — Wed, 10 Feb 2010 16:26:09 +0000

>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

By: Andrew

Andrew — Wed, 10 Feb 2010 15:10:57 +0000

@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?

By: Grim Reaper

Grim Reaper — Wed, 10 Feb 2010 14:26:39 +0000

@Dude

So effectively you are admitting that Canadians would be biased in favour of Iceland.

@Stephen

Read Dude’s comment.

By: Stephen

Stephen — Wed, 10 Feb 2010 05:39:51 +0000

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.

By: Aggi

Aggi — Wed, 10 Feb 2010 01:07:26 +0000

More entertainment!!!

By: Dude

Dude — Tue, 09 Feb 2010 23:31:00 +0000

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.

By: Peter -London

Peter -London — Tue, 09 Feb 2010 23:08:51 +0000

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.

By: Jimbo (original Jim)

Jimbo (original Jim) — Tue, 09 Feb 2010 21:43:20 +0000

“Canadian financial experts”

…because they are experts in EU law?