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I voted "No" because there are no legal obligations for Icelandic taxpayers to compensate the British and the Dutch for debts incurred by private companies beyond their worth. At least the losses caused by the flaws in the international banking regulatory system should be shared equally per head of the three populations. We want fairness, not blackmail.
Sölvi Eysteinsson, Reykjavik
I voted "No". I voted "No" to an unfair deal, with a colonising mentality. I voted "No" to the oppression of the small by the big. I voted "No" to global capitalism. I voted "No" to greed. I voted "No" to standing by as my people take on burdens which do not belong on their shoulders. I voted "No". Tomorrow the world will follow my lead.
Katrín Oddsdóttir, Reykjavik
The outcome is a token of the people's unhappiness with a flawed system
Jon Audunarson, Reykjavik
I voted "No" to express my opinion that we should not cover the debts. I feel that citizens should not pay for the financial mistakes of companies.
Óskar Freyr Hinriksson, Reykjavik
We said a big "No" in this referendum. My family's livelihood comes from selling seafood to the UK and some of my best friends are there. Unfortunately politicians on both sides have taken the Icesave matter out of context, as the over-inflated Landsbanki bank should have been bankrupted from day one of the crash. Neither Icelanders nor the UK public should pay for the Icesave crash, but each state has a tendency to move private debt over to the public and let it pay for decades. Iceland is facing now what the UK, EU and US are facing very soon.
Ivar Palsson, Reykjavik
I voted "No". This referendum was not about rejecting a deal, as a new one is being negotiated as we speak. This vote was about ordinary citizens in a democracy saying "we will not accept socialised losses for the masses". The outcome is a token of the people's unhappiness with a flawed system.
Jon Audunarson, Reykjavik
I voted "No" because I just can't see the logic in a taxpayer like myself bailing out a private bank that runs on profit. It makes as little sense as me bailing out a jewellery store that is going broke. The bottom line is that it has nothing to do with me so therefore I should not be forced to pay for their mistakes.
Saevar Gudbjornsson, Reykjavik
The Icelanders argued that there was no legally binding government guarantee of the deposits. The Icelandic government had fully complied with EEA regulations and set up a Depositors' and Investors' Guarantee Fund. If the resources of that fund were not sufficient to meet its obligations (which was almost certainly the case), then the Icelandic government was not legally bound to step in with additional resources. Thus the British and the Dutch governments had no authority to create new obligations on the part of the Icelandic government by paying their nations' depositors.
This legal position is indeed also that of the Norwegians, who are, with Iceland and Liechtenstein, the only non-EU members of the EEA. Arne Hyttnes, chairman of the Norwegian Depositors' and Investors' Guarantee Fund, is adamant that there is neither by law nor international agreements a government guarantee of deposits in Norwegian banks; there is only the guarantee of the fund itself.
Moreover, Jean-Claude Trichet, president of the European Central Bank, and Wouter Bos, the Dutch minister of finance, have both publicly admitted that European regulations on depositors' guarantees were not designed for the collapse of a whole banking sector—such as occurred in Iceland in 2008.
The International Monetary Fund loaned Iceland $2.1 billion in November, and said repaying the money to the British and Dutch governments was a requirement of the loan.
Iceland has begun moves toward applying for European Union membership, which Britain and the Netherlands could block.
Originally posted by cpdaman
yes icelanders ....greeks ....even the french are not dumb enough to be made to bent over.....
Americans take note.
I wonder what the media coverage is like in those 3 country's.....
Originally posted by Rockpuck
The International Monetary Fund loaned Iceland $2.1 billion in November, and said repaying the money to the British and Dutch governments was a requirement of the loan.
Iceland has begun moves toward applying for European Union membership, which Britain and the Netherlands could block.
I found this interesting. They directly went against the IMF's wishes lol. That's great.
But confusing me even more.. they are actually trying to join the EU. I would say it's probably the government that wants to join the EU, and not the actual citizens (unless they are truly ignorant..)
They all share 1 thing in common. Socialism, not socialism like that of UK or Australia. They are true socialists and true socialists strongly oppose the media and corporations.