The final deals on offer from both sides in this week’s Icesave negotiations have been released to the public on the Wikileaks website.
The British and Dutch final offer document shows that they have considerably lowered their interest demands on loans to Iceland to cover repayments for the failed Icesave internet bank accounts. However, Iceland’s final offer document shows its negotiators still consider any additional interest charges to be simple profiteering and neither side has been willing to back down.
The Icelandic offer can be seen here: Icelandic_Icesave_negotiation_team_offer_to_UK_and_NL 25_feb_2010, and the British and Dutch offer can be viewed here: UK-NED ICESAVE proposal feb 2010. (Both are .pdf files)
Lots of points to ponder on this leakage. Balance is urgent beneficial to all. Interest is still very high. After all the blockage and profittering from a dubious transaction.
Whatever be the purpose of this leackage lots of points to be pondered. Foremost is interest rate of 2.7 is still very high. A trilateral agreement beneficial to all is most urgent for common exsistence. Bear in mind the premeditated campaign blockage and profittering in a dubious transaction aggravated this problem which choked and isolated Iceland. The effect is horrendous.
The problem is now that the IceSave issue has become so infected from all sides that the only way it will ever be resolved is in the courts – unless, of course, the Icelandic government of the day, whenever that day is, simply capitulates.