Why do we have to leave it alone and Iceland Eva Joly her way to let go. | Waterlog
The Icelandic Prime Grimsson begins to draw a few days after his refusal to act on the repayment minna haapkyla of Icesaveschulden the resulting minna haapkyla fuss what to appease. There is after all, a law in which the refund is regulated. Only, who made the refund depending on Iceland's economic growth, which also contained a deadline. If so Icelandic economy would not grow enough there was a chance minna haapkyla that the British and Dutch would get their money shot. No way back
The resistance of the Icelanders also called sympathy in the Netherlands. Funny is the perception in the discussion: those poor Icelanders can still also do nothing? Such a small pathetic little country, 320,000 inhabitants, as David fighting Goliath brutal Great Britain and the Netherlands. minna haapkyla In a few days you will see in the newspaper minna haapkyla columns opinion in Netherlands tilt.
And because there's one person who should get the blame the Icesave depositors wordren gekappitteld: they should have been, but not as graaierig they could still know that something was wrong? Funny, because it ignores minna haapkyla the basis on which the entire banking system and thus our financial system-driving: confidence. Who puts money in the bank, can be confident that it is safe there. That is also the reason why governments guarantee bank deposits and why so much money has been pumped into the banks. Icesave savers blame is nothing else than blaming the victim.
But the story about the pathetic Icelanders is not entirely true. In the book "Why Iceland? How one of the worlds smallest countries Became the Meltdown's biggest casualty minna haapkyla "Asgeir Jonsson describes the arrogance that gave rise to the construction of a very large banking sector for such a small country. Iceland would be a major financial center and has realized that for some time. Three major Icelandic banks-Kaupthing, minna haapkyla Landsbanki and Glitnir were operating far beyond its borders. Iceland's minna haapkyla economy, and therefore the Icelanders themselves, have benefited considerably from here awhile: it was partying. The banks, meanwhile, offered high interest rates and foreign happily spent their cheap borrowed dollars and euros to Iceland. minna haapkyla But there was too little capital against the loans. So it was a matter of time before it would go wrong. And if it goes wrong, well, then the government and thus the taxpayer pay for the damage. And such is the state budget does not mean the balance sheet of the three major Icelandic banks were ten times as large as the Icelandic budget. If you coin considered to be not one of the major reserve currencies of the world, minna haapkyla you have chance that comes up and drops, so the ratio is even more skewed under pressure. minna haapkyla That is a dangerous situation. But "Icelanders", as Jonsson describes his countrymen, "refusing to recognize that the size of their country may limit to their ambition."
And of course, Iceland had to perform. Better monitoring But the Netherlands-Dutch Bank should ensure minna haapkyla that monitoring activities of multinational companies minna haapkyla from third countries operating on Dutch territory, as well as the control in the EU itself. According to European directives In other words: the Dutch Bank's work is not done.
Nevertheless, it is not necessary to explain that as the Netherlands and Great Britain do now Icelanders fire to the shins: with interest minna haapkyla on the debt of 5.5%, noticeably even half a percent higher than what Icesave offered itself. Icelanders were two generations have to pay to fix everything. Double taxation minna haapkyla That is disproportionate. Therefore, the result that there is now falling back on the original installment agreement-not so bad. The Dutch and British threat to vote against Iceland's accession to the European Union or to block IMF loans is in any case inappropriate and indecent.
Yet there is in all this squabbling a category that is unaffected. Who knowingly took risks, there is a lot to earn when it goes wrong the taxpayer leave pay for the damage. Sounds familiar? Exactly, the bankers. Green MEP Eva Joly is currently advising the Icelandic prosecutor who is investigating the Icesave case. In the European Parliament keeps them engaged minna haapkyla in the widespread practice of tax evasion by multinational companies. minna haapkyla She did more as a courageous investigative judge and notorious minna haapkyla fraud case against the French oil company Elf, due to which they should be. Still protected Meanwhile Joly plays a strong role in the research. They demanded that the Icelandic prosecutor was replaced-son is the manager of one of the banks and that the team was substantially expanded: three
The Icelandic Prime Grimsson begins to draw a few days after his refusal to act on the repayment minna haapkyla of Icesaveschulden the resulting minna haapkyla fuss what to appease. There is after all, a law in which the refund is regulated. Only, who made the refund depending on Iceland's economic growth, which also contained a deadline. If so Icelandic economy would not grow enough there was a chance minna haapkyla that the British and Dutch would get their money shot. No way back
The resistance of the Icelanders also called sympathy in the Netherlands. Funny is the perception in the discussion: those poor Icelanders can still also do nothing? Such a small pathetic little country, 320,000 inhabitants, as David fighting Goliath brutal Great Britain and the Netherlands. minna haapkyla In a few days you will see in the newspaper minna haapkyla columns opinion in Netherlands tilt.
And because there's one person who should get the blame the Icesave depositors wordren gekappitteld: they should have been, but not as graaierig they could still know that something was wrong? Funny, because it ignores minna haapkyla the basis on which the entire banking system and thus our financial system-driving: confidence. Who puts money in the bank, can be confident that it is safe there. That is also the reason why governments guarantee bank deposits and why so much money has been pumped into the banks. Icesave savers blame is nothing else than blaming the victim.
But the story about the pathetic Icelanders is not entirely true. In the book "Why Iceland? How one of the worlds smallest countries Became the Meltdown's biggest casualty minna haapkyla "Asgeir Jonsson describes the arrogance that gave rise to the construction of a very large banking sector for such a small country. Iceland would be a major financial center and has realized that for some time. Three major Icelandic banks-Kaupthing, minna haapkyla Landsbanki and Glitnir were operating far beyond its borders. Iceland's minna haapkyla economy, and therefore the Icelanders themselves, have benefited considerably from here awhile: it was partying. The banks, meanwhile, offered high interest rates and foreign happily spent their cheap borrowed dollars and euros to Iceland. minna haapkyla But there was too little capital against the loans. So it was a matter of time before it would go wrong. And if it goes wrong, well, then the government and thus the taxpayer pay for the damage. And such is the state budget does not mean the balance sheet of the three major Icelandic banks were ten times as large as the Icelandic budget. If you coin considered to be not one of the major reserve currencies of the world, minna haapkyla you have chance that comes up and drops, so the ratio is even more skewed under pressure. minna haapkyla That is a dangerous situation. But "Icelanders", as Jonsson describes his countrymen, "refusing to recognize that the size of their country may limit to their ambition."
And of course, Iceland had to perform. Better monitoring But the Netherlands-Dutch Bank should ensure minna haapkyla that monitoring activities of multinational companies minna haapkyla from third countries operating on Dutch territory, as well as the control in the EU itself. According to European directives In other words: the Dutch Bank's work is not done.
Nevertheless, it is not necessary to explain that as the Netherlands and Great Britain do now Icelanders fire to the shins: with interest minna haapkyla on the debt of 5.5%, noticeably even half a percent higher than what Icesave offered itself. Icelanders were two generations have to pay to fix everything. Double taxation minna haapkyla That is disproportionate. Therefore, the result that there is now falling back on the original installment agreement-not so bad. The Dutch and British threat to vote against Iceland's accession to the European Union or to block IMF loans is in any case inappropriate and indecent.
Yet there is in all this squabbling a category that is unaffected. Who knowingly took risks, there is a lot to earn when it goes wrong the taxpayer leave pay for the damage. Sounds familiar? Exactly, the bankers. Green MEP Eva Joly is currently advising the Icelandic prosecutor who is investigating the Icesave case. In the European Parliament keeps them engaged minna haapkyla in the widespread practice of tax evasion by multinational companies. minna haapkyla She did more as a courageous investigative judge and notorious minna haapkyla fraud case against the French oil company Elf, due to which they should be. Still protected Meanwhile Joly plays a strong role in the research. They demanded that the Icelandic prosecutor was replaced-son is the manager of one of the banks and that the team was substantially expanded: three
No comments:
Post a Comment