Pay back £2.3billion or we'll derail EU bid, Gordon Brown warns Iceland

Pay back £2.3billion or we'll derail EU bid, Gordon Brown warns Iceland

www.dailymail.co .uk

Gordon Brown last night declared diplomatic war on Iceland if it goes back on a pledge to pay the £2.3billion it owes Britain following the banking crisis.

Sources said it could threaten the country’s aspirations to join the European Union if the money does not find its way into Treasury coffers.

(visit the link for the full news article)

Not just threats to block entry to the European Union, the British government will also use its IMF powers (increased from the London G20 submit) to even block any emergency loans to Iceland. Which Iceland needs in order to survive.

In other words, Britain is literally threatening to bankrupt Iceland. Assets have already been frozen by the UK's controversial anti-terrorist laws and the diplomatic war is increasing by the day

www.dailymail.co .uk
(visit the link for the full news article)

I just love the way the government have used the 'anti terror laws' to freeze the assests of Iceland, just goes to show theres nothing but greed, the UK councils tried to play the money game and got scolded when they banks went bust over there, instead of investing in UK banks. Now they want it back after they have been paid already by the government and the taxpayers?
Money money money makes the world go round, shame we can't all just sit around a table and discuss like civilised people, YOU WILL GIVE ME MY MONEY OR ELSE.

Anti terror laws are a joke and will be used for everything in the future, IMO Iceland need to freeze any UK assets left and not pay the UK's bills out of reprisal. look after themselves first, fair play for actually sticking up foro your people Iceland. Good luck.

I suppose that when you got a little something to pay, you should pay up.
Its not like the UK can send in the bayliff's.
And with the use of terror Laws.. thats a laugth. But then again, I suppose you could say that its a threat to security because we need that 2 billion to feed the ducks that sit in parliment threatening countrys in times of need.
Althoug i think the sittuation in Iceland is much more worse than imagined. The UK bailed out our own banks, why couldnt Iceland do the same for one of their online banks.

This can only be another worry for a financaly drained country.

While this may seem to be distasteful, for once this Government is seem to have found a "pair" and fighting for what is ours. Not that this is the hardest fight to pick.

I do agree that our councils got greedy and should have invested in UK banks but I guess as local council tax payers, we would want our councils to maximise investments. What is most concerning is that so many of our councils failed to understand the risks. Bigger returns typically means greater risk. If I can see that, how come many of the senior managers at our councils are too stupid to see this.

reply to post by Esrom Escutcheon Esquire

I suppose that when you got a little something to pay, you should pay up. Its not like the UK can send in the bayliff's.

You never know, Blackwater appear to do anything for a buck

Looks like Iceland doesn't want to play the NWO board game, hence the threats toward them. They're being treated like Iran and North Korea right now. Economic threats...

The geezer that played his part in destroying the world economy tells a country this, lol.

the geezer was not even voted into office, and he has some right to tell everyone how to run the world.

reply to post by infinite


Yep.. this is the EXACT same thing England (and other) said to Germany after the first world war and imposed EXORBANT amounts of fines on them.

So much for mercy huh.. wow.. in the mortal words of one of my favorite actors Ron Perlman in Aliens Resurrection..

"Earth.. what a sh**hole".. totally agree Ron!!!

but.. you know, sowing to others like this will come back on you.. the goverments of the world that act this way, including ours..

WILL #$_%*#$ reap what they sow.. and in my mind.. i'm thinking it'll be reaped 10 fold !

This seriously makes me angery! Everyones wants to rag on Jesus .. but for me, after reading the scriptures .. when he comes back.. he'll be kicking *** and taking names for acts against goverments that do this crap to people..

and I'll have NO remorse!!! They knew better..

if the NWO wants a war.. they'll gonna get one, it won't be one they'll win either.. kinda like what the NWO did to Germany..

those who are merciful recieve mercy..

Originally posted by Komodo
Yep.. this is the EXACT same thing England (and other) said to Germany after the first world war and imposed EXORBANT amounts of fines on them.

Actually the defeated German's who had soiled the world with their aggression and which resulted in vast loss of life and human suffering, thoroughly deserved their fate, which (if you were to read some proper history books) resulted in the loss of lands and cash - the latter through reparations. Reparations for aggression were not without historical precedent.

Originally posted by Komodo
if the NWO wants a war.. they'll gonna get one, it won't be one they'll win either.. kinda like what the NWO did to Germany..

I thought the Nazi attempt to destroy liberal democracy through the invasion of western Europe and their attempt to destroy communism through their invasion of the Soviet Union was an attempt to impose a "new world order". Again, history books are useful, where you will see that the Nazis got all they deserved when they were finally defeated by the liberal democracies (plus the US, who joined later on) and the Soviets. The Japanese also got what they deserved at the hands of the US in the Pacific and the UK and Commonwealth in SE Asia.

To topic. I think that this is bad situation for Iceland, but they do owe money and in the same way as their economy benefitted substantially in the good times it should also pay back in the bad times. In the great scheme of things, the UK, the Dutch and others need to be paid back. That is fair and expected and will enable Iceland to move on, as I am sure they will.

Regards

Brown really has got a bloody cheek.

He puts the taxpayer on the hook for £Billions to bail out his banker buddies then puffs himself up to threaten a little country over a piddling £2.3Billion?

Gordon, I want a large tax rebate as compensation for all the wasted money you bozos have spent over the years and a televised apology before you step down. Like the money from Iceland though, I will not hold my breath waiting.

Originally posted by Britguy
Brown really has got a bloody cheek.

He puts the taxpayer on the hook for £Billions to bail out his banker buddies then puffs himself up to threaten a little country over a piddling £2.3Billion?

This is the same Gordon 'goldfinger' Brown who sold several hundred tons of the UKs bullion reserve at a time of a 20year low in the gold market

Goldfinger Brown’s £2 billion blunder in the bullion market

...Brown offloaded the gold at a 20-year low in the market — now nicknamed the “Brown Bottom” by dealers. The 17 auctions achieved prices for the gold of between $256 and $296 an ounce, with an average of $275. Since then gold has risen sharply in value and stood yesterday at $685. This year, some top investment banks have predicted, it could even rise above the all-time high of $850.

An analysis by the accountants Grant Thornton calculates that the gold is now worth $5.1 billion more than the price achieved when it was sold. This figure will grow by another $2.1 billion if the recent forecasts are accurate.

And then crashes any gains the pound made during the current finacial mess with the announcement of the sale of £16billion of public assets

The fire-sale flop: Gordon Brown's plan to sell £16bn of assets sends pound plummeting


He's lost us far more money in his 'short sighted' investment strategies than he's trying to bully Iceland for



[edit on 6-1-2010 by timski]

Originally posted by DataWraith
Anti terror laws are a joke and will be used for everything in the future, IMO Iceland need to freeze any UK assets left and not pay the UK's bills out of reprisal. look after themselves first, fair play for actually sticking up foro your people Iceland. Good luck.

Sadly, that is not how international politics works. Iceland tried to be a financial powerhouse and failed - never paid attention to their own citizens. Now, when the climate turns bad it shows how badly Iceland allowed its financial sector to grow. 300% of GDP

Of course, Britain is not going to send the gunboats in but this will get nasty.

Originally posted by timski
He's lost us far more money in his 'short sighted' investment strategies than he's trying to bully Iceland for

Agreed.
Rather than take note of his own failures, Gordon is on this moral crusade to bankrupt another nation.

Originally posted by infinite
Rather than take note of his own failures, Gordon is on this moral crusade to bankrupt another nation.

Iceland is bankrupt without help from Gordon Brown.

I may not agree with the PM on many things, but on this he has my support. He has my support because (like it or not) the Icelanders have to pay the price for their own actions, in the same way that the UK (and many other nations too) will have to pay for this whole affair.

Regards

OK this is awesome!!

For at least 2 reasons!!

#1. Why doesn't the US use this strategy? We could just announce that we are no longer planning on repaying any debts! Screw you guys, I'm taking my ball and going home!

#2. Gordon Brown and the UK have no recourse. Iceland never had a shot at the EU anyway, so this is just rhetoric and Iceland knows it! Other Strategic Interestes like the US and Russia won't let the UK take military action, so they are just out of luck!

You have to love the Cahones of Iceland on this one! If only the US could get ours out of China's purse!

reply to post by andy1033


I think you'll find Andy that Iceland had as big a part as the UK. Their banks were lvereraged to the bollocks and back, owing many times the entire GDP of Iceland! it's all very well saying our council managers should have known the risks, but the Icelandic banks took immensely stupid risks and they only have themselves to blame for this.

I am (for once) behind the Governments stance on this. iceland promised to pay the money when the two Governments met last year while the UK refunded investors what had gone missing.

Now Iceland is going back on the agreement and we're supposed to just shrug our shoulders and let it slide? Then all the others that owe us money (The US, African countries, Asian countries) would just do the same. Where would it end?

Sorry Iceland, it may seem harsh, but serves you right. Pay up, or kiss the EU and future IMF loans goodbye.

Originally posted by infinite
Of course, Britain is not going to send the gunboats in but this will get nasty.

Why not? We did in the Cod Wars when they tried to pinch our fish!

I'm sorry, I have no sympathy for Iceland. They are just like the same people who racked up huge amounts of debt in the good times and are now complaining they can't pay it back and it as all "the banks" fault for lending it to them.

Gordon Brown just basically declared war on Iceland. Iceland should send a missile up Gordon's butt to teach him a lesson... Most brits would welcome it...

I would sure do.

Originally posted by Vitchilo
Gordon Brown just basically declared war on Iceland. Iceland should send a missile up Gordon's butt to teach him a lesson... Most brits would welcome it...

I would sure do.

Don't be stupid, Gordon Brown did not "basically" declare war. This is diplomatic.

Regards