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  #41  
Old 11.04.2011, 16:21
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Re: Iceland votes "NO!"

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Well, if the international court finds in their favour, no they won't...
I can't see them doing so can you? But there again I can understand that you feel for them coming from Yorkshire!
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  #42  
Old 11.04.2011, 16:23
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Re: Iceland votes "NO!"

So sorry all. Yes I do know that Iceland aren't in the EU and what I really should have said is they are never going to get in there either if they dont cough up what they owe Holland and the UK!!
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  #43  
Old 11.04.2011, 16:27
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Re: Iceland votes "NO!"

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Even then, I wouldn't be surprised if GB and / or NL will now use their veto against Iceland entering the EU.
They will uless they pay up and without the EU, Iceland is up the creek without a paddle!
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  #44  
Old 11.04.2011, 16:29
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Re: Iceland votes "NO!"

I visited Iceland once. The cod was very nice.
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  #45  
Old 11.04.2011, 16:30
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Re: Iceland votes "NO!"

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I visited Iceland once. The cod was very nice.
Yeah Im not surprised - thats our cod!
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  #46  
Old 11.04.2011, 16:53
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Re: Iceland votes "NO!"

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EU is very controversial in Iceland.
I'd guess it's around 50/50 if we'd vote for it.
why on earth would iceland want to join the EU? is there anything in it for them?
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  #47  
Old 11.04.2011, 16:56
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Re: Iceland votes "NO!"

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why on earth would iceland want to join the EU? is there anything in it for them?
The €
I think that is the only thing.
That's why I'd vote against joining EU. I'd rather look for other alternatives for the currency problem.
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  #48  
Old 11.04.2011, 18:29
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Re: Iceland votes "NO!"

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shouldn't banking regulators in UK and NL have done their due diligence before allowing the 3 Icelandic banks to operate in their jurisdictions and take deposits from their citizens?
Good question. Given the size of the Icelandic banks' combined deposits relative to the country's GDP, you'd have thought somebody at the FSA/Treasury would've asked a few questions would't you? After all there were enough warning calls and they're the ones responsible for handing out UK banking licences.

I remember there were some comments made at the time that the Treasury and UK regulators were too complacent about alarm bells ringing over the worsening financial status of Iceland's banks. Criticism was made that they didn't look beyond the fact of Iceland's deposit guarantee scheme to check whether it was adequately funded. ie they took form over substance.
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  #49  
Old 11.04.2011, 18:31
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Re: Iceland votes "NO!"

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The € I think that is the only thing.
i'm not sure that's a positive thing either!
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  #50  
Old 11.04.2011, 18:32
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Re: Iceland votes "NO!"

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I remember there were some comments made at the time that the XXXXXX and YYYYYYY regulators were too complacent about alarm bells ringing over the worsening financial status of ZZZZZZZ's banks.
Insert name of central bank, supervisory authority and name of country as required...
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  #51  
Old 11.04.2011, 19:11
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Re: Iceland votes "NO!"

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Insert name of central bank, supervisory authority and name of country as required...
Can't argue with that. But just before Iceland's collapse we were talking on the Financial Crisis (UBS) Thread about the Ireland's state-backed deposit guarantee insurance and given the size of deposits under guarantee, whether it was worth the paper it was written on:


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Looks like the irish are considering extending the backstop to some foreign owned banks.... This guarantee scheme is astonishing for such a small country to go it alone like this. Leaving aside whether it could actually make good on the promise it will cost Ireland (or more accurately it's taxpayers) dear when it goes to the markets to borrow.
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On the question of the Irish government guarantee.... let's hope the Irish Government isn't called on to honour it's guarantees, or, as the article says, you might need the "luck of the Irish" to get your money back.
If the possibility had occurred to a few expats on an internet forum in Switzerland, you'd have thought the boffins at the Treasury/FSA might've lifted the skirts of some of these sovereign backed schemes.
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  #52  
Old 11.04.2011, 19:34
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Re: Iceland votes "NO!"

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The €
I think that is the only thing.
That's why I'd vote against joining EU. I'd rather look for other alternatives for the currency problem.
How about a population that relies on something other than fish thievery, money thievery and bank multipliers to earn money. Can't they actually create something
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  #53  
Old 11.04.2011, 19:46
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Re: Iceland votes "NO!"

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Can't they actually create something
You mean other than volcanic ash clouds?
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  #54  
Old 11.04.2011, 22:08
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Re: Iceland votes "NO!"

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How about a population that relies on something other than fish thievery, money thievery and bank multipliers to earn money. Can't they actually create something

This nice painting was created in Iceland.
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  #55  
Old 11.04.2011, 22:49
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Re: Iceland votes "NO!"

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This nice painting was created in Iceland.
During an earthquake?
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  #56  
Old 11.04.2011, 22:56
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Re: Iceland votes "NO!"

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During an earthquake?
by a 5 year old girl.
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  #57  
Old 11.04.2011, 23:23
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Re: Iceland votes "NO!"

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During an earthquake?
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by a 5 year old girl.
who had to use fingers instead of pencils, because her Icelandic parents were fishermen (there's not only bankers in Iceland) so poor that they could not buy artists' brushes for their daughter.
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  #58  
Old 11.04.2011, 23:42
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Re: Iceland votes "NO!"

I am sorry, but I donīt understand all this hostility against the Icelandic people...?

The Icelandics are generally good, hardworking people put in an extremely unfortunate situation by their (previous) government. I am sure noone is more angry about this that the Icelandics, who went from doing extremely well to almost bankrupt very, very fast.

What is the point of posting hostile comments about Iceland and itīs people? As was previous said - let the legal system settle this!

Does the unwritten rule of not picking on those smaller than yourself not also apply to countries?
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  #59  
Old 11.04.2011, 23:45
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Re: Iceland votes "NO!"

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I am sorry, but I donīt understand all this hostility against the Icelandic people...?
I have no idea what you are talking about...

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  #60  
Old 12.04.2011, 00:25
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Re: Iceland votes "NO!"

why were the british so nice to iceland over the cod wars? if i were in charge, iceland would now be a province of the UK.
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