I can't see them doing so can you? But there again I can understand that you feel for them coming from Yorkshire!

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!!

They will uless they pay up and without the EU, Iceland is up the creek without a paddle!

I visited Iceland once. The cod was very nice.

Yeah Im not surprised - thats our cod!

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.

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.

i'm not sure that's a positive thing either!

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:


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.

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

You mean other than volcanic ash clouds?

This nice painting was created in Iceland.

During an earthquake?

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.

I am sorry, but I don´t 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 it´s 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?

I have no idea what you are talking about...

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.