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Deviana Sevidon Gallente Panta-Rhei Butterfly Effect Alliance	Posted - 2010.03.07 10:05:00 - [1] The overwhelming majority of the Icelanders decided to say to reject the plan that every Icelander has to pay for the greed of their elite banksters. Linkage I applaud the icelanders for this, because a similar kind of corruption in germany would never allow us to vote on such matters. While the Brits will certainly moan you did the right thing. Quote: Disclaimer: All mentioned above contains my opinion and is therefore an absolute truth (for me anyway, my universe, muhahaha.....ok, done
whiskey101 Gallente Devious Decorum	Posted - 2010.03.07 10:10:00 - [2] uhmm WOW? copy me?
Blane Xero Amarr The Firestorm Cartel	Posted - 2010.03.07 10:14:00 - [3] Edited by: Blane Xero on 07/03/2010 10:15:01 Originally by: whiskey101 uhmm WOW? copy me? The threads were posted at the exact same time. Step off the Arrogance poasting please. Also the OP even linked to a completely different source, plus the OP Actually had content other than "LOL" _____________________________________ Haruhiist since December 2008 Originally by: CCP Fallout :facepalm:
Nebulous Minmatar Salvage Junkies	Posted - 2010.03.07 10:25:00 - [4] Originally by: Deviana Sevidon The overwhelming majority of the Icelanders decided to say to reject the plan that every Icelander has to pay for the greed of their elite banksters. Linkage I applaud the icelanders for this, because a similar kind of corruption in germany would never allow us to vote on such matters. While the Brits will certainly moan you did the right thing. I'm from the UK and I openly applaud this, the money iceland "allegedly" owe our government was stolen from the people of the UK in the first place, they stole our money and called it "council tax" and instead of putting into the services they said we were paying for, they invested it in a dodgy icelandic bank. -------------------------------------------------
ReaperOfSly Gallente Heavens Gate Consortium Dead Reckoning Alliance	Posted - 2010.03.07 10:27:00 - [5] Were we expecting anything different? I agree it's not right to tell the tax-payers to pay for the mistakes of their bankers (like taxpayers in lots of other countries have had to), but I wonder how much more nervous this will make foreign investors? Personally, I think they should send their bankers to work in strip clubs to raise money and pay off their debts. ____________________
Meiyang Lee Gallente Azteca Transportation Unlimited Gunboat Diplomacy	Posted - 2010.03.07 10:41:00 - [6] Originally by: Deviana Sevidon The overwhelming majority of the Icelanders decided to say to reject the plan that every Icelander has to pay for the greed of their elite banksters. Linkage I applaud the icelanders for this, because a similar kind of corruption in germany would never allow us to vote on such matters. While the Brits will certainly moan you did the right thing. While I, as a dutch citizen, will now have to help pay for what those bankers did, I do agree with your stance on the matter. Good that the icelandic people rejected, what in essence, would have put the country in pretty deep financial **** for the next century or so.
Nebulous Minmatar Salvage Junkies	Posted - 2010.03.07 10:44:00 - [7] Originally by: ReaperOfSly Were we expecting anything different? I agree it's not right to tell the tax-payers to pay for the mistakes of their bankers. Problem is reaper as I mentioned above is that much of the money invested from the UK was "tax payers" money, not "income tax" but "council tax", a tax that is supposed to be fed straight into local services, the fact it wasn't and they didnt tell us about it makes it theft, therefore the money invested was stolen money, why should iceland pay back money that was stolen in the first place? (not that you were saying it should be) ---------------------------------------------------
Thatim Roid	Posted - 2010.03.07 11:18:00 - [8] Congratulations Iceland! You made the people of Holland and England pay for the errors of one of your bank. Okay, beeing less sarcastic. I think Iceland shouldn't pay the money either.. But to applaud, while other people have to pay for it.. Yet, I still think Iceland should pay the money. If Holland or England didnt payed the money up in front, Iceland would be bankrupt.
Karma Vortex Incorporated	Posted - 2010.03.07 12:52:00 - [9] 1) UK gov takes money from UK citizens, promising to spend it on local important stuff. 2) UK gov doesn't, instead invest it in icelanding bank. doesn't tell UK citizens. (stealing). 3) Icelanding bank fails. money is lost. 4) UK gov expects the icelandic people to pay them back the money lost. Am I getting this straight?
Thatim Roid	Posted - 2010.03.07 13:08:00 - [10] Originally by: Karma 1) UK gov takes money from UK citizens, promising to spend it on local important stuff. 2) UK gov doesn't, instead invest it in icelanding bank. doesn't tell UK citizens. (stealing). 3) Icelanding bank fails. money is lost. 4) UK gov expects the icelandic people to pay them back the money lost. Am I getting this straight? No.
Magnus Nordir Caldari Nordir Industries	Posted - 2010.03.07 13:16:00 - [11] No Iceland, that's not how a civilised country participates in the global economy. You're doing it wrong. Sounds like it's high time for another cod war --------------------------- Only those who surrender are lost
Furb Killer Gallente	Posted - 2010.03.07 13:18:00 - [12] Edited by: Furb Killer on 07/03/2010 13:18:42 Congrats for getting in deep **. This isnt about the money lost by Icesave, it is about the money the Icelandic national bank (so pretty much the government) guaranteed they would pay if a bank would collapse. They guaranteed it, and then they didnt do it. So what we have now: No one is going to believe anything they say, so no one is going to invest in iceland. They will never get in the european union. Can you be all happy about, in the end the fact is if iceland would get in european union they would get WAY more money than they owe the UK and Netherlands. So in the end this only cost them money. Quote:** 1) UK gov takes money from UK citizens, promising to spend it on local important stuff. 2) UK gov doesn't, instead invest it in icelanding bank. doesn't tell UK citizens. (stealing). 3) Icelanding bank fails. money is lost. 4) UK gov expects the icelandic people to pay them back the money lost. Am I getting this straight? So not immediatly spending all the money a goverment gets is now stealing? It would be for a change a sensible thing to do. (Of course within limits, but having some buffer is perfectly reasonable).
Abrazzar	Posted - 2010.03.07 13:45:00 - [13] Now if every country on the world goes and denies payment of depts, the whole world would be richer because of it after the crap got sorted out. --------
Nebulous Minmatar Salvage Junkies	Posted - 2010.03.07 14:08:00 - [14] Originally by: Karma 1) UK gov takes money from UK citizens, promising to spend it on local important stuff. 2) UK gov doesn't, instead invest it in icelanding bank. doesn't tell UK citizens. (stealing). 3) Icelanding bank fails. money is lost. 4) UK gov expects the icelandic people to pay them back the money lost. Am I getting this straight? Yes pretty much, although you need to add some UK charities to that list as well, people gave money in good faith to charities of their choice and instead of filtering it out to the people that needed it they made a dodgy investment and lost the lot. ------------------------------------------------
Nebulous Minmatar Salvage Junkies	Posted - 2010.03.07 14:17:00 - [15] Originally by: Furb Killer So not immediatly spending all the money a goverment gets is now stealing? Yes, the money that was invested was from local councils who stole our money in the name of "council tax", they never told us they were going to "gamble" with our money, so that equates to deception, fraud and theft. The money should have gone on local services (as promised when we pay our council tax bill), but it wasn't, they may as well have just gambled the money on a one eyed, three legged horse, only difference is they wouldnt be able to have the cheek to ask the people who organised the race to pay them the money back. ------------------------------------------------
Furb Killer Gallente	Posted - 2010.03.07 17:14:00 - [16] Sometimes you want to save some money so you can buy larger things later. And i wouldnt cal putting it on a bank of a friendly nation gambling. You should know what pension funds do with your money.
SupaKudoRio	Posted - 2010.03.07 17:15:00 - [17] Edited by: SupaKudoRio on 07/03/2010 17:15:17 Originally by: Furb Killer They will never get in the european union. Yeah, so all policies can't be decided in a completely different country. Lucky ****ing bastards. We don't need a USA wannabe. Pity my country has already been sucked into that idiocy. _____ 10/10: Where is your God now?
Nebulous Minmatar Salvage Junkies	Posted - 2010.03.07 17:30:00 - [18] Originally by: Furb Killer Sometimes you want to save some money so you can buy larger things later. Furb, you are letting your own opinion get in the way of what is right and wrong in the eyes of the law, they had no "right" to invest that money, it should have gone straight into local services as "promised", all the months/years that money was in icelandic banks it was not being spent on what we needed and now we are suffering because of it, but due to corruption they have got away with it without any repurcussions. With the above in mind how can anyone from the UK point their fingers at iceland for their behaviour without feeling like a complete and utter hypocrite? --------------------------------------------------
CharmingButIrrational Roswell Project Victimz	Posted - 2010.03.07 17:45:00 - [19] Ragnar Grimsson; Viking raider.
Furb Killer Gallente	Posted - 2010.03.07 17:46:00 - [20] Edited by: Furb Killer on 07/03/2010 17:47:07 The money wasnt invested... And it is unrelated, at least in the Netherlands the majority was stolen from normal people.
baltec1 Antares Shipyards Phalanx Alliance	Posted - 2010.03.07 17:47:00 - [21] Originally by: Magnus Nordir No Iceland, that's not how a civilised country participates in the global economy. You're doing it wrong. Sounds like it's high time for another cod war They are Vikings what do you expect
Bodrul Caldari Polaris Rising Black Star Alliance	Posted - 2010.03.07 17:55:00 - [22] got to envy them they got a say in it while in the UK and US and other countries we were told to take it up the right side while they threw our money at the pricks who screwed up. ........ Buy Animated Talking Video Avatars
ceaon Gallente	Posted - 2010.03.07 18:19:00 - [23] Edited by: ceaon on 07/03/2010 18:22:54 you ppl should welcome Iceland on the 3rd word country class i bet Iceland rating is similar whit kenyas rating until few days ago Iceland had a 25.77% chance of default i bet some smart ppl will make some money whit CDS also this Quote: 1 Iceland krona = 0.007825 U.S. dollars hahahahahahahahahaha ******s Signature removed, it needs to be more EVE related. Zymurgist dude u get a ship in game named crow and my sig have crows
Taua Roqa Minmatar Sebiestor tribe	Posted - 2010.03.07 20:25:00 - [24] I'm English and in all fairness the money owed to England by Iceland is quite miniscule on the grand scale of things, and I'd certainly not want Icelanders to be ruined by debt they could never, ever afford to pay, even the interest on, and indeed, debt that mostly isn't their fault! It's tempting to point and laugh, I'll admit, when countries like Iceland were constantly rated the best places to live - yet we all knew that they don't have to deal with so, so many issues larger countries have to balance. But honestly, I think they've been more than punished enough for living out of step with reality by having their economy...obliterated? Like Greece, they should be helped out of the crap they've been put in, regardless of how much they are or are not to blame; civilised people shouldn't ever be made to crawl and beg, left out in the cold, because that would be a horrible waste money could never compensate for.
C frost	Posted - 2010.03.07 20:33:00 - [25] We need another Alfred The Great to kick the the viking's Asses. We have Gordon Brown
Taua Roqa Minmatar Sebiestor tribe	Posted - 2010.03.07 20:41:00 - [26] Originally by: C frost We need another Alfred The Great to kick the the viking's Asses. We have Gordon Brown Yay we've got an unelected prime minister who wouldn't hold a general referendum (or any referendums) because he'd have lost. And he goes an about bringing democracy to iraqistan or w/e. dumb fking ct.
Wuff Wuff Deep Core Mining Inc.	Posted - 2010.03.07 20:42:00 - [27] According to the Icelandic government themselves from a few days ago, this whole referendum is rather inconsequential anyway. news.bbc.co.uk Originally by: 'President Grimmson' "It is encouraging that in the last few weeks the British and the Dutch have acknowledged that that deal, on which the referendum takes place, is an unfair deal and that is by itself a tremendous achievement by the referendum. So, after the vote today, which I believe will be a clear 'No' vote, we will be able to continue the negotiations." So basically, they will pay, under a fairer scheme, and will I'm sure thus get their fast track into the EU. - Wuffles
ceaon Gallente	Posted - 2010.03.07 21:14:00 - [28] plz plz plz fail to negotiate and go to arms plzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz the world need a 1st class world country to be ****ed up so ppl actually think before they vote and they care about what laws their parliament pull out Signature removed, it needs to be more EVE related. Zymurgist dude u get a ship in game named crow and my sig have crows
ReaperOfSly Gallente Heavens Gate Consortium Dead Reckoning Alliance	Posted - 2010.03.07 21:16:00 - [29] Originally by: ceaon plz plz plz fail to negotiate and go to arms plzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz the world need a 1st class world country to be ***ed up so ppl actually think before they vote and they care about what laws their parliament pull out I notice you didn't specify which* country would be ****ed up. ____________________
ceaon Gallente	Posted - 2010.03.07 21:22:00 - [30] Originally by: ReaperOfSly Originally by: ceaon plz plz plz fail to negotiate and go to arms plzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz the world need a 1st class world country to be ***ed up so ppl actually think before they vote and they care about what laws their parliament pull out I notice you didn't specify which* country would be ****ed up. anyone pf 3 that are involved on the side note the 40 000$ guaranty per deposit(account) that a government should give per deposit should be removed and should be only for accounts that dont receive any %, if ppl want to win money they actually should risk the money and dont force tax payers to support their stupidity Signature removed, it needs to be more EVE related. Zymurgist dude u get a ship in game named crow and my sig have crows
Menkaure Amarr Vanitas Corp.	Posted - 2010.03.07 21:28:00 - [31] Originally by: Karma 1) UK gov takes money from UK citizens, promising to spend it on local important stuff. 2) UK gov doesn't, instead invest it in icelanding bank. doesn't tell UK citizens. (stealing). 3) Icelanding bank fails. money is lost. 4) UK gov expects the icelandic people to pay them back the money lost. Am I getting this straight? What? No. People are reading this in a completely different way to I am. The way I understand it... 1) 300,000 British customers deposit money into a bank. Icesave. 2) Icesave goes bankrupt, uses remaining funds (including those of brits/dutch) to reimburse Icelandic customers their account balances. 3) So Brits/Dutch money effectively disappears 4) British/Dutch governments pay out to reimburse the icesave customers their loss, expects to be repaid by the icelandic government. Regardless of who the customers are, be them local councils, charities, individuals... if you put money in a bank you can't expect it to simply disappear. I applaud the fact that Brit/Dutch governments covered the losses when they really didnt have to. I also don't think its entirely unwarranted that they want their money back off the icelandic government. (who really should of covered the losses themselves, tho theyd never be able to afford it)
Aya Otosaki Titan Indurstrial	Posted - 2010.03.07 21:37:00 - [32] Originally by: Menkaure 2) Icesave goes bankrupt, uses remaining funds (including those of brits/dutch) to reimburse Icelandic customers their account balances. bwhahahahahhahaha ----- Ignorance is my strength.
ceaon Gallente	Posted - 2010.03.07 21:41:00 - [33] Originally by: Menkaure What? No. People are reading this in a completely different way to I am. The way I understand it... 1) 300,000 British customers deposit money into a bank. Icesave. 2) Icesave goes bankrupt, uses remaining funds (including those of brits/dutch) to reimburse Icelandic customers their account balances. 3) So Brits/Dutch money effectively disappears 4) British/Dutch governments pay out to reimburse the icesave customers their loss, expects to be repaid by the icelandic government. Regardless of who the customers are, be them local councils, charities, individuals... if you put money in a bank you can't expect it to simply disappear. I applaud the fact that Brit/Dutch governments covered the losses when they really didnt have to. I also don't think its entirely unwarranted that they want their money back off the icelandic government. (who really should of covered the losses themselves, tho theyd never be able to afford it) yes that was a "bad move" if the UK gov waited to get from Iceland and then give that money to UK ppl there should be 300k angry ppl that whit a bit on hate management could be merged on right group of voters and stuff like boycotts protest random violence against iceland embassy and whit a bit of luck a new regulation law for banks under ppl pressure now ppl dont give a crap because they got the money back Signature removed, it needs to be more EVE related. Zymurgist dude u get a ship in game named crow and my sig have crows
annoing Amarr Viziam	Posted - 2010.03.07 21:48:00 - [34] Well, tbh, I have to laugh at the majority of 'poasts' in this threadnaught. To those who wrote about 'theft', local services blah blah blah .. please get a brain and try to understand a few things, apart from where your dummy has fallen: it wasnt the 'government' that invested in IceSave, it was your local/county council. Why did they do it? Simple really. You DONT want to pay high taxes for local services but you expect those same local services to be run at a high standard with no cutbacks. The money comes from where? The 'tax' you pay DOESNT pay for the services completely so your local/county council invests certain amounts in the hope of making more money, in the long term, to pay for the things that YOU want. A steady return on investments. But lets not worry about the taxes lost, worry about the charities that invested money to help those less fortunate than the brainless dimwits who shout 'theft' in this thread. To those of you that wrote about Iceland not getting into the EU, well they will. This wont make any real difference to the process. It WILL take a long while to gain trust in the financial markets but in 10 years time, it will all be forgotten (as far as the financiers are concerned anyway). Read the story again and notice that while Icelanders voted NO it wont make a difference, the money will still be paid back. A new agreement, that doesnt have to be ratified by a public vote, has been agreed. This new agreement sorted out such sticky issues as intrest payments, amount paid back yearly and local taxes (to pay for it) on the Icelandic people. So, the money will take some years longer to pay back than the agreement that was just voted on. So the money will be returned, no big loss to the UK/Dutch govt that it takes a little while longer to arrive. The money HAS to be paid back as the Icelandic govt acted as guarantor for the banks, therefore thay have no option BUT to pay. This is the modern world, get used to it or make your own country and get the fk out of here. Sucks to be Icelandic huh? Originally by:** Zeba Its all the pron. Fappy people are happy people
Deviana Sevidon Gallente Panta-Rhei Butterfly Effect Alliance	Posted - 2010.03.07 22:07:00 - [35] Aside from the fact that someone always has to pay the money. That is the flaw for our money system. People expect high returns with zero risk and got told by the banksters that is possible. Then the same banks created a complicated system that they thought to be have zero risk for their own investments and so on. ... and one day the cardhouse collapsed. The Iceland Banks loaned more and more money and offered government guarantees and of course no one asked where the government would get the money. There is the risk that anyone who invested in Icesave took. One of the basic principles is, that profit is not coming out of nowhere. Someone has to work for it and there is no such such thing as no risk in high profit investments. People were lied to yes, but they mostly lied to themselves by not wanting to see, what was already laid out before their eyes. So the money is gone and the Icelanders refuse to pay for the greed of others and that is there right to do. Quote: Disclaimer: All mentioned above contains my opinion and is therefore an absolute truth (for me anyway, my universe, muhahaha.....ok, done
Wuff Wuff Deep Core Mining Inc.	Posted - 2010.03.07 23:17:00 - [36] There's a couple more points no-one has really made yet. First, it was the individuals in the UK and Holland who made the decision to put their money into an Icelandic Bank. They did it because of the really high interest rate they were offering at the time. If they had thought about it logically for more than 2 seconds, if they had put the money into a British/Dutch bank, at least then the first few tens of thousands of ú/Ç of that money would have been covered under they're own governments financial systems. Obviously they thought, "Hey, it's a bank, my money is going to be safe." One of the great things about this whole financial mess is that it makes people realise that just because you put your money in something labelled a 'bank', does not automagically mean that your money is safe AND putting it in a bank that is not under the jurisdiction of your own country when you're supposed to be really careful with that money, is not perhaps the best idea. Whether these charities, local authorities did so from a position of naivety or not is neither here nor there. Just like in Eve, just because you don't know how something is, doesn't stop you getting burned by it. Secondly, a significant percentage of the general populace of Iceland are not totally without blame here in my opinion. You had a situation where fisherman were giving up their jobs to go and be bankers in these massive money machine finance and investment companies, people who to all extents and purposes had no business being in that sector, yet the positions were vacant and the money was good. I'm sure their wives/husbands/mothers weren't complaining about their big fat paychecks either. I think it's fine to say that the banking execs and the government who allowed Iceland to get to a point where they were so highly leveraged, were the biggest perpetrators and should be assigned most of the blame, but there were a heck of a lot of average Icelanders who got on board the gravy train when it was all good and are I'm sure now back on board their fishing boats shouting how none of this is their fault and they shouldn't be made to pay for the mistakes of greedy bankers. Not enough people on both sides of the fence taking enough responsibility for their actions IMO, and I'm saying this as a Brit. Originally by: Deviana Sevidon So the money is gone and the Icelanders refuse to pay for the greed of others and that is there right to do. Except as mentioned by me and someone above, they will be paying it, Icelanders will not get to vote on it this time, the terms will be fairer and in a great respect the fact that they will pay it back will probably stand them in better stead in the medium/long term. They will probably be the next country to get EU membership for example. - Wuffles
ceaon Gallente	Posted - 2010.03.07 23:23:00 - [37] Originally by: Wuff Wuff They will probably be the next country to get EU membership for example. lets hope not in next 15 years and after they change to law so other ppl outside Iceland can buy land there Signature removed, it needs to be more EVE related. Zymurgist dude u get a ship in game named crow and my sig have crows
Nebulous Minmatar Salvage Junkies	Posted - 2010.03.08 05:46:00 - [38] Originally by: Menkaure What? No. People are reading this in a completely different way to I am. The way I understand it... 1) 300,000 British customers deposit money into a bank. Icesave. 2) Icesave goes bankrupt, uses remaining funds (including those of brits/dutch) to reimburse Icelandic customers their account balances. 3) So Brits/Dutch money effectively disappears 4) British/Dutch governments pay out to reimburse the icesave customers their loss, expects to be repaid by the icelandic government. Regardless of who the customers are, be them local councils, charities, individuals... if you put money in a bank you can't expect it to simply disappear. I applaud the fact that Brit/Dutch governments covered the losses when they really didnt have to. I also don't think its entirely unwarranted that they want their money back off the icelandic government. (who really should of covered the losses themselves, tho theyd never be able to afford it) Yes there were some normal citizens who deposited money but they have been re-imbursed, the point is they had a "right" to deposit their money where they saw fit (because they earned it), charities and local councils had no "right" to do this, they took the money via tax and donation, the taxes were took with the "promise" of being put straight into local services, and the donations were took on the "promise" of helping the people those charities were set up to help, the fact this did not happen at its fullest potential means the money was taken via deception, this is "unlawful" and people should be in jail because of it. It has also come to light since the crisis that almost everyone who put money into the bank were warned about how big a risk it was, one monetary economist likened it to "putting your head in the mouth of a lion". ------------------------------------------
Abrazzar	Posted - 2010.03.08 07:54:00 - [39] Originally by: Wuff Wuff Except as mentioned by me and someone above, they will be paying it, Icelanders will not get to vote on it this time,... And this shows what really went bankrupt in the world: Democracy. --------
ceaon Gallente	Posted - 2010.03.08 12:44:00 - [40] Edited by: ceaon on 08/03/2010 12:50:12 Originally by: Abrazzar Originally by: Wuff Wuff Except as mentioned by me and someone above, they will be paying it, Icelanders will not get to vote on it this time,... And this shows what really went bankrupt in the world: Democracy. nope your reply is the "easy solution/answer" if you think better Iceland ppl voted a parliment and that parliament voted and agree whit the international banking standards so Iceland like country guarantee up to 40 000$ per account that are deposited on their banks around the world(world= country's that agree whit the 40k thing), Iceland population had to choice if they want to pay 20 or 25 years ago and they voted YES Signature removed, it needs to be more EVE related. Zymurgist dude u get a ship in game named crow and my sig have crows

GM Horse	Posted - 2010.03.08 13:40:00 - [41] Edited by: GM Horse on 08/03/2010 13:40:42 There's a lot of confusion in this thread as to what this actually means. The referendum did not reject repaying the money to Britain and the Netherlands, it rejected the specific terms and conditions set up in the earlier contract, which were considered unfair and exploitative. The primary point of contention in Iceland was the extremely high interest rates on the loans, which were 5.5% IIRC. The British and Dutch governments are getting their money back, they just aren't getting it back under the conditions previously negotiated. This referendum was largely symbolic anyway, because the previous contract which the Al¦ingi passed into law would only go into effect if Britain and the Netherlands would agree to them, which they did not. The law being nullified was already meaningless.

ceaon Gallente	Posted - 2010.03.08 17:59:00 - [42] @GM Horse i have understand that the referendum was against the $135 per month for each citizen for 8 years that are 100 euro per month so if you get 1000 euro per month(the average payment in spain)that is 10% of income is much but not excessive and taking the payment over move years you have to pay more because of interest and markets are never patient and also the country ratings can remain low for more years Signature removed, it needs to be more EVE related. Zymurgist dude u get a ship in game named crow and my sig have crows
0oO0oOoOo0o	Posted - 2010.03.08 19:30:00 - [43] Does this mean that Icelanders will be classified as (financial) terrorists once again ?
Furb Killer Gallente	Posted - 2010.03.08 19:58:00 - [44] Nah i guess they all can get brittish or dutch citizenship after the invasion.
Thuranni Eldjotnar	Posted - 2010.03.09 12:57:00 - [45] Edited by: Thuranni on 09/03/2010 12:57:01 Originally by: ceaon @GM Horse i have understand that the referendum was against the $135 per month for each citizen for 8 years that are 100 euro per month so if you get 1000 euro per month(the average payment in spain)that is 10% of income is much but not excessive and taking the payment over move years you have to pay more because of interest and markets are never patient and also the country ratings can remain low for more years If you don't think that it's excessive to make every single man, woman and child in Iceland pay 10% of their income every month for 8 years straight to a foreign power to pay a debt they had no hand in creating, I don't even know what to say to you, you arrogant jingoist.
Tallaran Kouros Caldari	Posted - 2010.03.09 15:08:00 - [46] Originally by: Thuranni [ If you don't think that it's excessive to make every single man, woman and child in Iceland pay 10% of their income every month for 8 years straight to a foreign power to pay a debt they had no hand in creating, I don't even know what to say to you, you arrogant jingoist. So not a single person in Iceland benefited from the profit and taxes that the banks were paying during the boom time? No additional expenditure on healthcare and education? No capital infrastructure projects? Everything just built itself one day, right?
Thuranni Eldjotnar	Posted - 2010.03.09 16:01:00 - [47] Edited by: Thuranni on 09/03/2010 16:02:11 Originally by: Tallaran Kouros Originally by: Thuranni [ If you don't think that it's excessive to make every single man, woman and child in Iceland pay 10% of their income every month for 8 years straight to a foreign power to pay a debt they had no hand in creating, I don't even know what to say to you, you arrogant jingoist. So not a single person in Iceland benefited from the profit and taxes that the banks were paying during the boom time? No additional expenditure on healthcare and education? No capital infrastructure projects? Everything just built itself one day, right? I didn't say that. Don't put words in people's mouths to support your argument, it makes you look foolish. We should pay the bill for the Icesave fiasco, but we should do so on fair terms. Thanks to a unprecedented act of political heroism by our president, it seems that we will at least get another shot at negotiating these terms. The terms in the contract which got rejected in the referendum were brutally one sided in favor of the Dutch and British, and were created by two superpowers bullying a tiny, powerless nation. The only reason that our parliament accepted the deal was that the leading party, the Social Democrat Alliance, has no agenda other than getting Iceland into the EU, and were thus all too eager to fellate the British and Dutch governments.
ceaon Gallente	Posted - 2010.03.09 16:22:00 - [48] Edited by: ceaon on 09/03/2010 16:23:08 Originally by: Thuranni but we should do so on fair terms plz define what u mean by fair terms i dont see anything unfair in here until now UK and dutch gov took billions of $ from tax payers to fix the hole that icesave left behind seams is not fair for you to pay that money on 8 years money that any gov should like to have now whit the crisis.Seams for you is not fair to give money back to UK and dutch tax payers in 8 years when they put the money in a week. did u skill up hypocrisy to lvl 5 ? Signature removed, it needs to be more EVE related. Zymurgist dude u get a ship in game named crow and my sig have crows
Thuranni Eldjotnar	Posted - 2010.03.09 17:12:00 - [49] Edited by: Thuranni on 09/03/2010 17:18:50 Originally by: ceaon Edited by: ceaon on 09/03/2010 16:23:08 Originally by: Thuranni but we should do so on fair terms plz define what u mean by fair terms i dont see anything unfair in here until now UK and dutch gov took billions of $ from tax payers to fix the hole that icesave left behind seams is not fair for you to pay that money on 8 years money that any gov should like to have now whit the crisis.Seams for you is not fair to give money back to UK and dutch tax payers in 8 years when they put the money in a week. did u skill up hypocrisy to lvl 5 ? Iceland has a population of 300 thousand. The UK and Netherlands have a combined population of 78.5 million. Of course the UK and Netherlands have no problems coughing up the money, but a country as small as Iceland simply can't come up with these amounts of cash instantly. In any case, I don't even know why you are bringing up the timeframe in which the loan will be repayed, as it is completely inconsequential - The loan has a yearly interest rate, so a long term loan would simply result in more interest. The timeframe isn't the problem and never has been. The issue is not with the amount of time in which the loan will be repayed, it is with the interest rate - A interest rate of 6% is completely absurd. Had the UK and Netherlands invested this money somewhere else, they would have gotten a interest rate of around 3.3%. That is the rate which we are willing to pay. That is the fair rate. Edit: To demonstrate how incredibly problematic this is for Iceland, a equivalivent situation for the UK would be a debt of 1453.5 billion pounds. That's more than the UK's GDP.
ceaon Gallente	Posted - 2010.03.09 17:26:00 - [50] Edited by: ceaon on 09/03/2010 17:35:47 Originally by: Thuranni Iceland has a population of 300 thousand. The UK and Netherlands have a combined population of 78.5 million. A country as small as Iceland simply can't come up with these amounts of cash instantly. In any case, I don't even know why you are bringing up the timeframe in which the loan will be repayed, as it is completely inconsequential - The loan has a yearly interest rate, so a long term loan would simply result in more interest. The timeframe isn't the problem and never has been. The issue is not with the amount of time in which the loan will be repayed, it is with the interest rate - A interest rate of 6% is completely absurd. Had the UK and Netherlands invested this money somewhere else, they would have gotten a interest rate of around 3.3%. That is the rate which we are willing to pay. That is the fair rate. dont cry about the population now you should done that before you agree to pay the 40k per deposit so your country get the AAA+ ratings i dint see any cry and rage in 2008 2007 or 2006 about the how much u can back up your banks i dint see any news that said "Iceland cant guarantee the 40 000$ per deposit made on Iceland banks so the Iceland banks wont accept any deposits from foreign country's" Iceland profit so much from banks u just have to check the GDP $20 billions in 2007 and on 2009 $11 billions if Iceland dint profit from the burble how u lose $9 billions so fast ? Iceland was on party and got drunk whit other ppl money and now have to pay back you gov closed the eyes to this in order to get more tax money from the banks and keep up whit the promises if you dint forget gov is not self elected ppl vote them if u dont like what u get vote better next time.About the rate i really hope they take the 6% from you, Iceland have to crucified so other can learn from your mistakes, the punishment have to be exemplar so the lesson will remain in ppl heads. Signature removed, it needs to be more EVE related. Zymurgist dude u get a ship in game named crow and my sig have crows
Crawford McKinley	Posted - 2010.03.09 17:51:00 - [51] Originally by: Thuranni Edited by: Thuranni on 09/03/2010 17:18:50 Originally by: ceaon Edited by: ceaon on 09/03/2010 16:23:08 Originally by: Thuranni but we should do so on fair terms plz define what u mean by fair terms i dont see anything unfair in here until now UK and dutch gov took billions of $ from tax payers to fix the hole that icesave left behind seams is not fair for you to pay that money on 8 years money that any gov should like to have now whit the crisis.Seams for you is not fair to give money back to UK and dutch tax payers in 8 years when they put the money in a week. did u skill up hypocrisy to lvl 5 ? Iceland has a population of 300 thousand. The UK and Netherlands have a combined population of 78.5 million. Of course the UK and Netherlands have no problems coughing up the money, but a country as small as Iceland simply can't come up with these amounts of cash instantly. In any case, I don't even know why you are bringing up the timeframe in which the loan will be repayed, as it is completely inconsequential - The loan has a yearly interest rate, so a long term loan would simply result in more interest. The timeframe isn't the problem and never has been. The issue is not with the amount of time in which the loan will be repayed, it is with the interest rate - A interest rate of 6% is completely absurd. Had the UK and Netherlands invested this money somewhere else, they would have gotten a interest rate of around 3.3%. That is the rate which we are willing to pay. That is the fair rate. Edit: To demonstrate how incredibly problematic this is for Iceland, a equivalivent situation for the UK would be a debt of 1453.5 billion pounds. That's more than the UK's GDP. then perhaps they should have thought about that before taking the money and putting up guarantees of it being there. banks should be held accountable for the actions just like everyone else and if the government put up the guarantee then the icelandic people should have said something back then not now when its time to pay up.
Dray Caldari Euphoria Released	Posted - 2010.03.09 18:19:00 - [52] Edited by: Dray on 09/03/2010 18:23:01 In 2006 I had money to put into a savings/investment account and I looked at Iceland but was warned off by a friend in the banking business, basically he said it was too good to be true, and in banking there is no such thing. As it happened I had a far worse investment problem, my wife. No interest and shocking returns. Joking aside why should the people of Iceland have to pay for the mistakes of their over greedy banks and politicians, you cant argue the bankrupting of a country because of individual idiocy, bailing out the worlds banks was the worst thing any tax payers in any country had to stomach, millions suffering for the gross negligence and greed of a few, but the sad fact is not bailing them out might have been much much worse in the long term. Were the little people, were not special and the world doesn't owe us anything, get used to it.
Thuranni Eldjotnar	Posted - 2010.03.09 18:34:00 - [53] I don't think people are even reading what I'm typing. Iceland wants to pay it's debts. Iceland will pay it's debts. Iceland will not, however, pay it's debts under extortionist terms and conditions. Iceland will repay it's debts when a fair agreement on how to accomplish that is reached.
ceaon Gallente	Posted - 2010.03.09 18:47:00 - [54] Edited by: ceaon on 09/03/2010 18:51:40 Originally by: Dray Joking aside why should the people of Iceland have to pay for the mistakes of their over greedy banks and politicians greedy banks can be controlled by politicians whit regulations and politicians are elected by the population, most ppl have a hard time to understand this and somehow is normal because the humans dont even have 100 years of universal vote Originally by: Thuranni I don't think people are even reading what I'm typing. Iceland wants to pay it's debts. Iceland will pay it's debts. Iceland will not, however, pay it's debts under extortionist terms and conditions. Iceland will repay it's debts when a fair agreement on how to accomplish that is reached. I did but seams u dont get it Iceland must be "done" whithout lubricants so dont expect fair agreement Signature removed, it needs to be more EVE related. Zymurgist dude u get a ship in game named crow and my sig have crows
Thuranni Eldjotnar	Posted - 2010.03.09 18:57:00 - [55] Edited by: Thuranni on 09/03/2010 18:56:47 Originally by: ceaon I did but seams u dont get it Iceland must be "done" whithout lubricants so dont expect fair agreement If you don't feel that Iceland deserves fair treatment, then neither does the Netherlands and UK. Fine, we're not paying a single one of our worthless kr=na, then.
Taua Roqa Minmatar Toroidal Bum-Donuts	Posted - 2010.03.09 19:00:00 - [56] Iceland ranks below the Iceland food chain in the UK on google search, when searching for Iceland. I think that's punishment enough :O
Xen Gin Silurian Operations	Posted - 2010.03.09 20:38:00 - [57] Originally by: Taua Roqa Iceland ranks below the Iceland food chain in the UK on google search, when searching for Iceland. I think that's punishment enough :O So that must mean Iceland > Iceland....... universe implodes! ## You got that? Right I'll be back in approximately 300 seconds to retort! ##
Wuff Wuff Deep Core Mining Inc.	Posted - 2010.03.10 03:47:00 - [58] Originally by: Taua Roqa Iceland ranks below the Iceland food chain in the UK on google search, when searching for Iceland. I think that's punishment enough :O Or indeed the fact that the abomination that is Kerry Katona has/had anything to do with the word 'Iceland'. - Wuffles
Tallaran Kouros Caldari	Posted - 2010.03.10 09:05:00 - [59] Originally by: Thuranni Iceland has a population of 300 thousand. The UK and Netherlands have a combined population of 78.5 million. Of course the UK and Netherlands have no problems coughing up the money We had to find it instantly because the Icelandic regulator reneged on their promises. Had the government been willing to back the promises that had earlier been made, they wouldn't be in this situation.
Thuranni Eldjotnar	Posted - 2010.03.10 10:47:00 - [60] Originally by: Tallaran Kouros Originally by: Thuranni Iceland has a population of 300 thousand. The UK and Netherlands have a combined population of 78.5 million. Of course the UK and Netherlands have no problems coughing up the money We had to find it instantly because the Icelandic regulator reneged on their promises. Had the government been willing to back the promises that had earlier been made, they wouldn't be in this situation. This is not what happened. The UK and the Netherlands repayed all the accounts in Icesave before ever consulting the Icelandic government, and then sent them the bill. Then they started discussing how Iceland would repay them. I don't even get what you people are so angry about. We want to pay, we will pay, but surely you must understand that figuring out exactly how we're going to pay such a proportionally massive debt is a rather large issue. It's not like we have all that money stashed away somewhere and just don't want to share it.
Tallaran Kouros Caldari	Posted - 2010.03.10 11:58:00 - [61] Originally by: Thuranni This is not what happened. The UK and the Netherlands repayed all the accounts in Icesave before ever consulting the Icelandic government, and then sent them the bill. Then they started discussing how Iceland would repay them. That's not my recollection of events and it is contradiction to the public statements made at the time by your government ministers and the chairman of your central bank.
SkyLordUK Amarr Imperial Shipment	Posted - 2010.03.13 04:05:00 - [62] Edited by: SkyLordUK on 13/03/2010 04:08:09 Edited by: SkyLordUK on 13/03/2010 04:07:00 Originally by: Thuranni Edited by: Thuranni on 09/03/2010 17:18:50 Originally by: ceaon Edited by: ceaon on 09/03/2010 16:23:08 Originally by: Thuranni but we should do so on fair terms plz define what u mean by fair terms i dont see anything unfair in here until now UK and dutch gov took billions of $ from tax payers to fix the hole that icesave left behind seams is not fair for you to pay that money on 8 years money that any gov should like to have now whit the crisis.Seams for you is not fair to give money back to UK and dutch tax payers in 8 years when they put the money in a week. did u skill up hypocrisy to lvl 5 ? Iceland has a population of 300 thousand. The UK and Netherlands have a combined population of 78.5 million. Of course the UK and Netherlands have no problems coughing up the money, but a country as small as Iceland simply can't come up with these amounts of cash instantly. In any case, I don't even know why you are bringing up the timeframe in which the loan will be repayed, as it is completely inconsequential - The loan has a yearly interest rate, so a long term loan would simply result in more interest. The timeframe isn't the problem and never has been. The issue is not with the amount of time in which the loan will be repayed, it is with the interest rate - A interest rate of 6% is completely absurd. Had the UK and Netherlands invested this money somewhere else, they would have gotten a interest rate of around 3.3%. That is the rate which we are willing to pay. That is the fair rate. Edit: To demonstrate how incredibly problematic this is for Iceland, a equivalivent situation for the UK would be a debt of 1453.5 billion pounds. That's more than the UK's GDP. tbh i wouldnt be suprised if the GDP was at the complete opposite side of the scale for Britain and we actualy have -1453.5 billion pounds Gordon Brown just ignores it and declares we are 'out of the crisis' when in fact we are in it for life like every other 1st world country :P Edit: spelling :P Sky. ---------------------------------------------- Jumping Gates is like a box of sweets You just dont know were the sour one is
Nebulous Minmatar Salvage Junkies	Posted - 2010.03.13 08:38:00 - [63] Originally by: SkyLordUK we are in it for life like every other 1st world country :P Edit: spelling :P The problem is that it will take a lifetime to pay in a constantly growing monetary economy, but what happens in 5-10 years when we have the next recession? and the one after that? If anyone knows how the monetary system works they will know you simply can't have a constant economy of growth, you will always have boom and bust. ---------------------------------------
Jago Kain Amarr Ramm's RDI Tactical Narcotics Team	Posted - 2010.03.13 09:18:00 - [64] Originally by: Magnus Nordir No Iceland, that's not how a civilised country participates in the global economy. You're doing it wrong. Sounds like it's high time for another cod war You're wasting your time there Magnus; I referenced the cod war in a similar thread right after the debacle began to unfold and nobody had a ***ing clue what I was on about. Still; those that forget history are doomed to repeat it (or summat like that) so I expect we'll be seeing gun-boat escorted Icelandic trawlers clogging up the "traditional Icelandic fishing grounds" of the Mersey Estuary any day now. I for one welcome our old cod-thieving Icelandic overlords. ___________________________________________________ The game will never be over, because we're keeping the meme alive.*
Reiisha Evolution IT Alliance	Posted - 2010.03.13 18:30:00 - [65] Why isn't anyone going after the people who are actually responsible for this mess? It's like they got a "get out of jail free" card. Seriously. "If you do things right, people won't be sure you've done anything at all"
David Grogan Gallente Final Conflict UK Warped Aggression	Posted - 2010.03.23 11:27:00 - [66] i vote Iceland be renamed Jita :P seems like they pulled the perfect Jita Scam SIG: if my message has spelling errors its cos i fail at typing properly :P
Soulita Gallente Inner Core	Posted - 2010.03.23 12:34:00 - [67] Edited by: Soulita on 23/03/2010 12:41:48 Originally by: Reiisha Why isn't anyone going after the people who are actually responsible for this mess? It's like they got a "get out of jail free" card. Seriously. Pretty much, and not just in Iceland. Personally I have not forgotten who caused the financial meltdown and will never forget it. I have changed the way I look at banks and bankers and try to prevent any contacts with them. This is because most of the "bad boys" got off the hook and many of them are still working as bankers or even counclers - to both banks and governments. This is outrageous and scandalous. I can not trust any banker even remotly ever again until those responsible are dealt with accordingly. Just my personal opinion and way of dealing with the situation.
Thuranni Eldjotnar	Posted - 2010.03.23 16:25:00 - [68] Edited by: Thuranni on 23/03/2010 16:32:55 Originally by: Jago Kain Originally by: Magnus Nordir No Iceland, that's not how a civilised country participates in the global economy. You're doing it wrong. Sounds like it's high time for another cod war You're wasting your time there Magnus; I referenced the cod war in a similar thread right after the debacle began to unfold and nobody had a ****ing clue what I was on about. Still; those that forget history are doomed to repeat it (or summat like that) so I expect we'll be seeing gun-boat escorted Icelandic trawlers clogging up the "traditional Icelandic fishing grounds" of the Mersey Estuary any day now. I for one welcome our old cod-thieving Icelandic overlords. Wait, what? Icelandic trawlers escorted by gunboats stealing from British fishing grounds? That doesn't really make sense, since Iceland has no navy and thus no gunboats. That is also pretty much the opposite of the version that gets told here, and the one on wikipedia. I'm genuinely curious here; Could you please tell me the story of the Cod War as told to Englishmen?

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