Comments:Iceland and United Kingdom in diplomatic dispute over financial crisis
Whose side are you on - Britain or Iceland?
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Iceland better pay savings back Icesave customers ASAP!
I am on Britain's side! Until something is done, Iceland & Icesave have basically ripped off 300,000 people savings accounts. They should have never froze their customers' accounts. In the worst case, they should have immediately dispensed checks for the required government insurance coverage back to their customers, like the FDIC would.
I do not understand why this is taking so long. This is very scary. Icesave customers should have been refunded their savings days ago. Also, I don't understand why Britian has unfroze their UK assets. Icesave needs to give back their customers' money ASAP or the whole world will loose confidence.
Hrannar: Neither Iceland or Britain is the bad guy here. The bad guys are those who have stolen unlimited amounts of money from both governments through the privately founded Icesave. Both governments and the people using these account slept on their guard, against a scam that seemed too good to be true, and it was. If the Icelandic government pays all the money back with the Icelandic taxpayer's money, we are talking about decades of poverty for the the future of a whole nation. The responsible parties should be held accountable for what they did. Both governments should participate in gathering a neutral investigation committee, that will hopefully be effective in finding the true culprits, bringing them to justice and help restore balance between those two friendly nations. (Hrannar - Iceland)
Don't demonise Iceland
I think it is extremely unhelpful for Gordon Brown to demonise Iceland when the UK banks did exactly the same as their banks. He just patted them on the head and said 'there, there, I'll bail you out'. He could be demonstrating statesmanlike behaviour instead and working alongside the Icelandic government; after all our public services are at stake.
What bothers me more is that the IMF is waiting in the wings. I know their neo liberal theories are more and more discredited now that it is blindingly obvious that unregulated capitalism is unsustainable and anti-democratic. However, they handily have an emergency fund available to give to rich and poor countries alike. I doubt that their practice has changed; they always hand out loans with strings which always include cuts to public services. I hope I'm wrong.
Is it just the financial crisis?
Iceland: How is a country that small in population and GDP supposed to pay back that much? They are already in more dire straits than the US. If they are forced to pay back, the country will go bankrupt. --126.96.36.199 02:14, 12 October 2008 (UTC)
There seem to be a few people thinking that the British government has used anti-terror law against Iceland, this isn't true it was the crime prevention section of the legislation that was used to seize Icelandic assets. This only happened because the Icelandic government refused to refund money that was being held in accounts that where supposed to be protected. I do believe that the British government has acted in a heavy-handed manner but people should not be mistaken into thinking that the Icelandic government is an innocent party in this incident. —Preceding unsigned comment added by 188.8.131.52 (talk) 20:25, 15 October 2008 (UTC)