The Icesave issue has been discussed more than once by the Paris Club, an organisation more used to talking about the debt problems of third world nations. Individual financial officials in the ‘club’ expressed their deep concern that Iceland’s hard stance could set an unwelcome precedent.
The Paris Club is an informal association of economic officials from 19 wealthy nations who meet every few weeks. The Club’s meetings take place in complete secrecy. At the meeting, wealthy creditor nations make decisions on how to deal with mainly third world debtor nations and work on the terms and schedule of repayments and whether to write certain debts off. Unanimity is key to the Paris Club, meaning for example that no single member nation can offer greater concessions to debtors than all the others, according to RUV.
The Icelandic state broadcaster attempted to interview members of the Club but was repeatedly brushed off by an organisation seemingly worried that Icelandic defiance could make the job of policing world debt a little harder.
Sometimes it is easy to bare the burden and keep quite, be the yes man but when the limit is reached, the preservation of life prevails even at the extent of the unwelcome precedent because of collusion. Hope that the Paris Club with membership from the 19 wealhty nations will understand that David was only force to fight Gothliat when all other alternatives was proven useless so the NO vote of Iceland.
Isn´t it ironic? Iceland now is one of the 3rd world countries??? Wake up Icelanders!!!
A Secret Society needs to enlighten more on the bare necesseties of human life and find the answer to controling the individual and masses. These are the people who in fact can save the planet, time and time again. That is my belief. But if they fail to do so…