Iceland: Voters Reject Icesave Payback Referendum
April 11th, 2011I’m sure this situation isn’t going unnoticed in Greece, Ireland and Portugal.
Via: CityWire:
Britain and the Netherlands plan to sue Iceland for €4 billion (£3.5 billion) paid to Icesave depositors after the country voted against the payment of the money for a second time in a referendum.
Almost 60% of Icelanders voted against a plan to pay the British and Dutch governments money owed for bailing out savers of the Landsbanki online savings arm in 2008, Britain is owed £2.3 billion of the total amount. The ‘no’ vote comes despite a revision of the original repayment plan to allow a longer period in which to pay and a reduced interest rate.
The Icelandic people do not believe the taxpayer should pay for the failure of a private institution.
Britain and the Netherlands have now said there is no more room for negotiation and will now turn to the international courts to decide who is liable to pay.
Ha! how ironic. Britain wants to get its money back. What about all the British expatriates that retired abroad and never received indexing on the pensions that they had paid into the system. We’re talking massive swindle here that Britain still refuses to acknowledge.
this is the second referendum in which Icelandic voters have told the theiving banksters to “f*** off”. i wonder how many more referendums will be necessary before They get the “right” answer?