UK and Netherlands to sue Iceland

Gerald · 04-10-11, 10:20 AM

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 · 04-10-11, 10:23 AM

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

Torplexed · 04-10-11, 10:45 AM

Quote:

Originally Posted by TLAM Strike

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

Or they may unleash Björk.

Gerald · 04-10-11, 10:49 AM

Quote:

Originally Posted by Torplexed

Or they may unleash Björk.

And her, they may prefer to keep

TLAM Strike · 04-10-11, 11:21 AM

Quote:

Originally Posted by Torplexed

Or they may unleash Björk.

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

Gerald · 04-10-11, 11:25 AM

Quote:

Originally Posted by TLAM Strike

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

Yes, she is really one Conventional Weapons...

jumpy · 04-10-11, 11:53 AM

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...

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

04-10-11, 10:20 AM	#1
Gerald SUBSIM Newsman Join Date: May 2008 Location: Close to sea Posts: 24,254 Downloads: 553 Uploads: 0	UK and Netherlands to sue Iceland 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 __________________ Nothing in life is to be feard,it is only to be understood. Marie Curie

04-10-11, 10:23 AM	#2
TLAM Strike Navy Seal Join Date: Apr 2002 Location: Rochester, New York Posts: 8,633 Downloads: 29 Uploads: 6	They had better watch it, Iceland might unleash another Volcano on Europe! __________________

04-10-11, 11:53 AM	#7
jumpy Admiral Join Date: May 2003 Location: Midlands, UK Posts: 2,139 Downloads: 22 Uploads: 0	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... EDIT: bjork is fine, just don't let her sing that 'quiet' song.... urgh! anything but that! __________________ when you’ve been so long in the desert, any water, no matter how brackish, looks like life