A brief history. Until 2008, Iceland was a small neobiberaal paradise. with borrowed money groeiede

The economic and political fate of Iceland has become so symbolic about the credit crunch as it hit hard in 2008. The Icelandic bank Icesave and its demise still causes political unrest. It hangs there still a heartwarming hint of revolution in the cold Icelandic air.
A brief history. Until 2008, Iceland was a small neobiberaal paradise. with borrowed money groeiede the economy, people were encouraged to consume. lot with borrowed money And there was an internet bank, Icesave, that huge high interest savings beloofdeop in Iceland, but also beyond. So there are many people with Icesave bill. Were in the Netherlands
But at the end of September 2008 Icelandic banks began to fall, like just about the entire economy. First Glitnir, fashion glamour the third in size. That bank came to be under supervision. Then Lansbanki, the bank where the Icesave internet branch is. Which was nationalized to avoid. Downfall Then Kaupting, became the largest bank of the country in trouble. The Icelandic economy and state occurred nearly bankrupt, compared to all that borrowed money was a lot of hot air but not much more than that. The central bank cut interest rates by gopide 6 percent to 18 percent. The currency, fashion glamour the krona, fell by 30 percent. The IMF jumped in with an emergency loan (The Guardian, January 26, 2009).
It soon was not only a financial crisis, but also a social disaster. Exactly one year ago the NRC report there. The newspaper quotes a mother of three children who said: "I think my three children fashion glamour but should fashion glamour emigrate to Denmark." She had, partly with borrowed money, bought a house. After the banking crisis, her monthly payments went up abruptly, van120.000 fashion glamour to 340,000 krona. A blessing in disguise: the bin nk already provisionally not proceed to foreclosure fashion glamour because the chances of buyers was minimal: there were thousands of empty houses. It's just one of the countless personal tragedies in Iceland are behind that cold concept 'crisis'.
People were not allowed to wait. People were angry. People took to the streets and marched up to riot to it. Unprecedented scenes, to Icelandic standards, but the situation was also unprecedented. Five consecutive days there were protesters on the leg to the resignation of the government to demand. On January 24, 2008 that peaked: when 5,000 people fashion glamour were demonstrating. The day before, fashion glamour the Prime Minister announced that he resigned and new elections were.
Who arrived in May last year. The overt neo-liberals, especially those of the ruling Independence Party until recently, lost. Links - Social Democrats and Greens kind of - won a parliamentary majority in a political landslide. fashion glamour There was a female, openly lesbian prime minister. But the population was mainly economic view new hardships. The government fashion glamour is heading to EU membership. And last week the government announced a tax. Package The tax is now 25.5 percent. That is nowhere else in the world above. Also excise taxes on gasoline, tobacco, alcohol rise. Thus, the population must pay for a crisis that people have not been made, but that has befallen them.
People therefore remain angry. One of the problem areas is still Icesave. Among major British and Dutch press - Bos wants indemnify depositors, but will that compensation in Iceland stories - the Icelandic parliament last week passed a law which compensate Iceland lost Icesave savings promises. That law has not yet getekent: the president is still considering.
Continued protest makes him hesitate apparently. A lot of people in Iceland - according to a poll even 70 percent - are against the law. An internet petition, the results of which are presented today to the President, has the support of several tienduienden - at least 53,000, according slightly controversial figures in total 60,000 - got. Even these days, both on December 30 and on New Year's Eve, there were again protesters reject the Icesave law demanded In offering the petietie today there were 600 protesters fashion glamour present. I ontneen dee data to a blog that bebeurtenissen day to dachg follows: Iceland Banking fashion glamour Crisis and More.
The protests against the Icesave deal worthy of support and solidarity, not least from the people in the Netherlands. That right-wing politicians are also against the deal effect thereon. It is simply not fair that ordinary people in Iceland fashion glamour - already victims of an economic catastrophe - even further through high taxes and the like need to run for the bankruptcy of a fast greedy money-bank Icesave. If governments duped savers - anyway not usually the poorest