Iceland refuses to honour international agreements

http://www.icenews.is/index.php/2011/02/20/iceland-president-rejects-icesave-bill/

Time to send in the troops.

 

This is such an odd situation I wonder what will happen.

 

Imagine what happens if an actually relevant country gives the global financial system the finger.

 

Good for them. Iceland should tell its creditors to f*** off.

 

...then we could use them as precendence and tell the chinese, EU, japan to fuck off... WWIII, hello!!!

 

Don't phuck with the vikings.

 

They owe British councils enormous amounts of money. Is it their fault of the fault of the people who invested there?

 

Both. You loan money to your derelict, drug-abusing nephew without adequate collateral and he loses his job, gets evicted, and can't pay you back. Is it your fault or your nephew's fault?

Your country loans millions to a country comprising two or three people, an equal number of active volcanoes on a frozen island in the far north without adequate collateral and they can't pay your country back. There was stupidity on both sides.

 

Yeah - but who is dumber - the guy who was holding a lot of money and handed it over - or the guy who had no money - and took what he was handed?

 

Actually the income per capita in Iceland is one of the highest in the world. They have revenue from fish.