It looks like you're using an Ad Blocker.

Please white-list or disable in your ad-blocking tool.

Thank you.


Some features of ATS will be disabled while you continue to use an ad-blocker.


Thread to support Icelandic people

page: 1

log in


posted on Jan, 9 2010 @ 02:14 PM
I think what Iceland is doing is a good example of democracy. President there vetoed the decision to rob over 15,000$ per Icelander to repay the debt owed by the Icesave bank to savers of UK and Netherlands (well the problem was actually in the parent bank, Landsbankii). Instead, the president of Iceland held a referendum so that people can decide if they agree to pay or not. This is democracy in action.

When did people in USA or UK were last offered to decide on important subject, like war or giving money to private corporations no questions asked? I am a UK saver (not in that bank) and I want all UK people to get their money back, but I disagree that this money should be taken from Icelandic people, just like I disagree with all the bailouts in the UK and the USA, that come from taxpayers. Whoever screwed up should pay.

Related articles:

Iceland says ‘Can’t pay, won’t pay’ — and it is right (9 Jan 2010)
Iceland to hold national referendum on Icesave legislation (9 Jan 2010)
A fair deal for Iceland (8 Jan 2010)
Iceland passes referendum bill (8 Jan 2010)
FACTBOX-Iceland's debts to the UK, Netherlands for Icesave (8 Jan 2010)
Iceland has no clear legal obligation to pay up (8 Jan 2010)

new topics

log in