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January 5, 2010 is a historical day for Icelanders. The Icelandic President Olafur Ragnar Grimsson had a tough decision to make, and difficult choices to make. To listen to the 23% of the nation that signed a petition calling on him to put the state guarantee for 5.4 billion dollars to be paid to the British and Dutch governments to a national referendum. Or to ignore the nation and sign the bill for the government, after the bill had been passed through the parliament with a narrow vote on Dec
Originally posted by Freeborn
Why should the British taxpayer pay for Icelandic incompetence when we are already pissed off over bailing our own banks out?
Just to add; I am no lover of the British banking system at all and am disgusted that our government bailed them out to the tune of about 850billion pounds.
Originally posted by dreamspark
Iceland's interest rate was more than 15% in order to lure British. What is the difference between this and a Ponzi scheme?