What shall we do about these welchers?

[R1Geezer]

http://tinyurl.com/ydovnp5
Any ideas? we could oppose them joining the EU but that'll probably be doing them a favour!

[youngmafbog]

difficult to knock a Government that listens to its people though.

Very Alien concept to us of course, McBottle likes handing our brass out left right and centre.

[Gromit]

Why should the Icelandic people have to pay foreigners who lost out when a private company went bust. If people decide to put their savings in foreign banks, which are outside of the control of the British regulatory system, then they only have themselves to blame. Remember BCCI

The biggest scandal is that so many Local Authorities had money there, and that no financial managers from those Authorities have been sacked for such terrible bad judgement.

[Gromit]

youngmafbog

The British Government showed a lot of Bottle saving our failing banks. Can you imagine the mess we would be in if we had let our banks collapse like Iceland did?

And what was the Tory thinking when difficult decisions needed to be made? Remind yourself here...

http://conservativeho.../northern-rock-t.html

[Gromit]

From the Telegraph...

//Iceland has been one of the biggest casualties of the global financial crisis, and the parliament passed the accord in the hope that it will help unlock further loans from the International Monetary Fund (IMF).

"The British and Dutch governments will do anything they can to hold the payout from the IMF" said Lars Christensen, an analyst at Danske Bank. " This is a big big blow for the Icelandic governement's efforts to come back into the global economy."

Iceland's currency collapsed and its Government was forced to turn to the IMF after the financial crisis led to a systemic failture of its banking system, with Landsbanki, Glitnir Bank and Kaupthing all falling.//

[LazyGun]

Seems like posturing by the Icelandic premier to me, playing to a domestic audience. His own cabinet, treasury and finance minister all agreed the repayment plan, recognising that failing to pay could do more harm to Iceland, damaging Icelands creditworthiness and putting various IMF and other international credit deals that Iceland needs at risk or at least greater cost. It will be interesting to see how this works out.