UK and Netherlands to sue Iceland

[Gerald]

The UK and Dutch governments are preparing court action against Iceland to recover 4bn euros (£3.5bn) lost when the country's bank system collapsed.

It follows a referendum in Iceland which rejected a repayment plan.

The UK said it was "disappointed" by the "no" vote, while the Dutch finance minister said the time for negotiations was "over".

Iceland's Finance Minister Steingrimur Sigfusson said that resolving the row in court would take at least a year.

The UK and the Netherlands say they are owed the money following the collapse of Icelandic savings bank Icesave. British and Dutch depositors were bailed out by their governments, which are now demanding their money back.

http://www.bbc.co.uk/news/business-13029210

Note: 10 April 2011 Last updated at 13:30 GMT

[TLAM Strike]

They had better watch it, Iceland might unleash another Volcano on Europe! :O:

[Torplexed]

They had better watch it, Iceland might unleash another Volcano on Europe! :O:

Or they may unleash Björk. :D

http://www.villagevoice.com/blogs/statusainthood/bjork31806_wideweb__470x333,0.jpg

[Gerald]

Or they may unleash Björk. :D

http://www.villagevoice.com/blogs/statusainthood/bjork31806_wideweb__470x333,0.jpg And her, they may prefer to keep :haha:

[TLAM Strike]

Or they may unleash Björk. :D

http://www.villagevoice.com/blogs/statusainthood/bjork31806_wideweb__470x333,0.jpg

Quite sure that is a violation of Protocol I, III and IV of the CCWC... :hmmm:

[Gerald]

Quite sure that is a violation of Protocol I, III and IV of the CCWC... :hmmm: Yes, she is really one Conventional Weapons...:doh:

[jumpy]

If we're suing iceland for lost monies/revenue due to their banking crash, does this mean I can sue the UK government to recover my lost earnings due to the recession/crash here?
After all, taxes I paid went to bail out the banks in this country; that and the cuts cuts cuts in the economy have virtually killed the part of the construction industry I was working in (would still like to work in).

Perhaps I could be more specific: sue labour for their mishandling of the economy by spending everyone else's money and sue the coalition for it's sweeping cuts, which on the face of it, will not really do anything to reduce the national debt in real terms (as I understand it), apart from totally killing the jobs market for most ordinary folk.

I bet the total national debt for the united kingdom that there's no way in hell such a prospect would be taken even remotely seriously, as I'm just some poor sod who got screwed over by the recession, and had nothing whatsoever to do with its creation - like tens of thousands of other uk citizens... :rolleyes:

EDIT: bjork is fine, just don't let her sing that 'quiet' song.... urgh! anything but that!

[STEED]

Perhaps I could be more specific: sue labour for their mishandling of the economy

I will back you up, any more Brits out there who want a piece of Labour?

[Gerald]

If we're suing iceland for lost monies/revenue due to their banking crash, does this mean I can sue the UK government to recover my lost earnings due to the recession/crash here?
After all, taxes I paid went to bail out the banks in this country; that and the cuts cuts cuts in the economy have virtually killed the part of the construction industry I was working in (would still like to work in).

Perhaps I could be more specific: sue labour for their mishandling of the economy by spending everyone else's money and sue the coalition for it's sweeping cuts, which on the face of it, will not really do anything to reduce the national debt in real terms (as I understand it), apart from totally killing the jobs market for most ordinary folk.

I bet the total national debt for the united kingdom that there's no way in hell such a prospect would be taken even remotely seriously, as I'm just some poor sod who got screwed over by the recession, and had nothing whatsoever to do with its creation - like tens of thousands of other uk citizens... :rolleyes:

EDIT: bjork is fine, just don't let her sing that 'quiet' song.... urgh! anything but that! "quiet' song",I agree with ;)

[gimpy117]

Sorry your banks collapsed by accident! but...I'm gonna sue you!!!

[Jimbuna]

Well I reckon they've just destroyed their financial credibility in the eyes of the world......doubt they'll ever get any financial help in the future :nope:

[Gerald]

It could mean that if the island goes bankrupt again, so one might buy it and have a vacation home, or coming SubSim meetings are permament on the island, :hmmm:

[Jimbuna]

It could mean that if the island goes bankrupt again, so one might buy it and have a vacation home, or coming SubSim meetings are permament on the island, :hmmm:

Not at all...it simply means no potential lender will ever trust them again.

[Gerald]

Not at all...it simply means no potential lender will ever trust them again. Obviously, it is so, but the people of the country probably have not understood the willows, the politicians' decisions,unfortunately.

[Jimbuna]

Obviously, it is so, but the people of the country probably have not understood the willows, the politicians' decisions,unfortunately.

I somehow doubt it....they were well aware of the collapse of their banking industry (many suffered as a result) and knew the only way stability could be returned was with the aid of a financial bailout.

[Gerald]

I somehow doubt it....they were well aware of the collapse of their banking industry (many suffered as a result) and knew the only way stability could be returned was with the aid of a financial bailout. Yes, but if people had been allowed to decide, the decision had was different, but the politicians only think about their own skin

[Herr-Berbunch]

I will back you up, any more Brits out there who want a piece of Labour?

Count me in! They still don't admit how wrong they got things for the past 13 years :nope: Red b4stards.

[Jimbuna]

Yes, but if people had been allowed to decide, the decision had was different, but the politicians only think about their own skin

I doubt anyone over there can see beyond the next expectant volcanic eruption/election.

[Jimbuna]

I will back you up, any more Brits out there who want a piece of Labour?

Count me in! They still don't admit how wrong they got things for the past 13 years :nope: Red b4stards.

Being a party member probably means I already own a piece...in theory anyway.

[Herr-Berbunch]

Steed - let's sue Jim :hmmm:








:D

[STEED]

Steed - let's sue Jim :hmmm:








:D


:rotfl2::rotfl2::rotfl2::rotfl2::rotfl2: :DL

[Jimbuna]

Too late....my pension and monetary assetts were invested two year ago...I'm a poor pensioner now who has too work part-time to eek out a living :smug:

Now offer me a decent interest rate and I might be tempted to loan you a few k :DL

[bookworm_020]

How is Iceland going to pay? with cod??:hmmm:

[kraznyi_oktjabr]

How is Iceland going to pay? with cod??:hmmm:
I think it would necessiate Fourth Cod War to take those beautiful fish from icelanders. :hmmm:

Wiki: http://en.wikipedia.org/wiki/Cod_Wars

[TLAM Strike]

I think it would necessiate Fourth Cod War to take those beautiful fish from icelanders. :hmmm:

Wiki: http://en.wikipedia.org/wiki/Cod_Wars
With the current state of the Royal Navy, Iceland might just win. Heck Iceland might even be able to capture the Falklands while they are at it...

:O:

[Herr-Berbunch]

With the current state of the Royal Navy, Iceland might just win. Heck Iceland might even be able to capture the Falklands while they are at it...

:O:

Many a true word spoken in jest :nope:

[Garion]

With the current state of the Royal Navy, Iceland might just win. Heck Iceland might even be able to capture the Falklands while they are at it...

:O:


I am just waiting on the Argentinians to give it another go :hmmm:

Cheers

Garion

[Jimbuna]

I am just waiting on the Argentinians to give it another go :hmmm:

Cheers

Garion

I honestly doubt that will happen bwecause they know we remain firmly committed to maintaining its sovereignty...especially now as resorces/fuel exploration has commenced.

As watered down as our armed forces are we still maintain a sizeable and capable garrison there.