2Pack
August 12, 2009, 7:17am
1
This set me thinking
ft.com/cms/s/0/7fae8f0e-85d3 … abdc0.html
Iceland agreed in June to borrow £2.3bn from the UK and €1.2bn from the Netherlands to repay the countries for compensating more than 300,000 British and Dutch citizens who lost money in high-interest “Icesave” accounts run by Reykjavik-based Landsbanki.
But the agreement has faced mounting opposition from critics who say it places too great a debt burden on Iceland and punishes ordinary taxpayers for the mistakes of the country’s financial elite.
Opponents have likened it to the Versailles treaty imposed on Germany after the first world war with disastrous results, and warned it would “send Iceland back to the stone age”.
UK£3.2bn is around €3.5bn , for a country with 250,000 people that is a lot .
Ireland has 17 times the population of Iceland and 17 x €3.5bn is €59.5bn .
That makes this Versailles Agreement imposed on Iceland smaller than than the NAMA scam that our government intends to impose on its own citizens
spqr64
August 12, 2009, 8:15am
2
2Pack:
This set me thinking
ft.com/cms/s/0/7fae8f0e-85d3 … abdc0.html
Iceland agreed in June to borrow £2.3bn from the UK and €1.2bn from the Netherlands to repay the countries for compensating more than 300,000 British and Dutch citizens who lost money in high-interest “Icesave” accounts run by Reykjavik-based Landsbanki.
But the agreement has faced mounting opposition from critics who say it places too great a debt burden on Iceland and punishes ordinary taxpayers for the mistakes of the country’s financial elite.
Opponents have likened it to the Versailles treaty imposed on Germany after the first world war with disastrous results, and warned it would “send Iceland back to the stone age”.
UK£3.2bn is around €3.5bn , for a country with 250,000 people that is a lot .
Ireland has 17 times the population of Iceland and 17 x €3.5bn is €59.5bn .
That makes this Versailles Agreement imposed on Iceland smaller than than the NAMA scam that our government intends to impose on its own citizens
Good point, and the DoF came out with the statement yesterday that the decision by the SC wouldnt change NAMA, so the government couldnt care less about Joe Public. Its a case of “fuk’im put another yoke on is back”. Bastards.
Dont forget the bitches.
In the interests of equality like.
Someone sharing the Versaille view albeit re NAMA is posting on Dr. G’s blog:
NAMA is in my view unworkable.
It is akin to the Versailles Treaty in 1918 when the victors imposed punitive war reparations on Germany.
NAMA is being imposed on the ordinary folk who had little responsibilty for corrupt politics and the fake boom.
Linky
Bastards ,Bitches And Cunnnnnnts!