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Forum: Project Camelot General Discussion

01-04-2010, 11:41 AM

Replies: 11

Iceland is not bankrupt (yet)

Views: 4,447

Posted By jonhallur

Re: Iceland is not bankrupt (yet)

Quick update on the situation.

Iceland has passed a law which states that the state will back up the loans to pay back IceSave (http://en.wikipedia.org/wiki/Icesave_dispute) (presumably with our...

Forum: Project Camelot General Discussion

12-11-2009, 04:40 PM

Replies: 11

Iceland is not bankrupt (yet)

Views: 4,447

Posted By jonhallur

Re: Iceland is not bankrupt (yet)

I don't think a nation state can go bankrupt, there is not world court you'd file a bankruptcy claim to.

Regards,

Jón Hallur

Forum: Project Camelot General Discussion

12-11-2009, 04:37 PM

Replies: 11

Iceland is not bankrupt (yet)

Views: 4,447

Posted By jonhallur

Re: Iceland is not bankrupt (yet)

British and Netherlands governments wanted the money back from savings accounts insurance.

Currency is now 126 isk for the dollar, was before around 60, so currency has dropped 50%. Back in 2001...

Forum: Project Camelot General Discussion

12-11-2009, 04:19 PM

Replies: 11

Iceland is not bankrupt (yet)

Views: 4,447

Posted By jonhallur

Re: Iceland is not bankrupt (yet)

Second news item is wrong, Iceland never got the loan from Russia, it fell through. Iceland is under the thumb of IMF, and it looks to me that if we accept to pay the British and Netherlands...

Forum: Project Camelot General Discussion

12-11-2009, 01:55 PM

Replies: 11

Iceland is not bankrupt (yet)

Views: 4,447

Posted By jonhallur

Iceland is not bankrupt (yet)

Hi

A lot of whistle blowers are now mentioning Iceland as the first nation to go bankrupt in the current economic crisis. This does not add to these whistle blowers credibility.

I am Icelandic,...

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