Iceland is set to receive the Chinese dignitary He Guoqiang tomorrow, Chinese media report.
According to The People’s Daily, He Guoqiang will visit Iceland tomorrow and Thursday as the second leg of his five nation tour. He Guoqiang is a prominent member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee.
Visir.is reports that he will meet with President Olafur Ragnar Grimsson, Prime Minister Johanna Sigurdardottir and Minister for Foreign Affairs, Ossur Skarphedinsson. He will also tour two geothermal power facilities.
Please sell your toxic bank bonds to the chinese and pay me back my euros. Icelandic banks printed bonds on paper and the investors paid with real currency. Guess who lost out? the investor as always.
Many banks in Europe sold these toxic bonds, including the Portugese bank BCP Millenium. These banks “guaranteed” these toxic bonds, now the creditors (new name for investors who lost money) are waiting to get some money back maybe in many years to come. How many agencies rated these bonds highly? please stand up? No you will not hear from them unless you have millions of investor curreny to throw away.
“How many agencies rated these bonds highly? please stand up? ”
None apparently. Icelandic banks didn’t use rating agencies for the most part. If your bank guaranteed these bonds, as you claim, why not claim on the guarantee?