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Old 03-07-2010, 02:53 PM   #7
Phoenix
Avalon Senior Member
 
Join Date: Sep 2008
Location: Inverness
Posts: 116
Default Re: Demise of EU and euro

Quote:
Well done Iceland!
Have I missed something? From what I understand and I may be wrong, but Landsbanki, Icelands national bank now under the control of Icelands Financial Supervisory Authority, created an online bank called Icesave. When Icesave went bust owing people (not other banks or governments) the Dutch and UK governments stepped in and covered Icesave's debts to their citizens. Now the governments want to recoup their money from Icelands National Bank (owned by the Icelandic people)

Citizens of the UK and Holland gave their money to the publicly owned national bank of Iceland who miss-used their money then went bust and now they have voted not to repay the money.

So me and others like me who are taxpayers have had to pay back money on behalf of the Icelandic people because THEIR bank mishandled money entrusted to them and you think this is right?

You know what Iceland, I want my **** money back!
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