Of course I would say no to paying for the insane way Landsbankinn went about its business. Today, Halldor J. Kristjansson, one of their CEO's is on record saying that there were meetings in February 2008 between the banks and the government about an impending collapse, yet they continued on to open the IceSave accounts in the Netherlands two months later. But in a discussion dominated by the frantics, Bryndis Hlodversdottir, law professor at Bifrost University has come up with the most rational input regarding the referendum so far. In order for it to be democratic the following has to apply: ... None of these parameters are met with this ridiculous referendum. So for the first time since I was old enough to vote I will stay away from the voting booth. This farce served up by a lame-duck president and a Progressive Party pressure group called InDefence has nothing to do with democracy and I want nothing to do with it.
But in a discussion dominated by the frantics, Bryndis Hlodversdottir, law professor at Bifrost University has come up with the most rational input regarding the referendum so far. In order for it to be democratic the following has to apply:
...
None of these parameters are met with this ridiculous referendum. So for the first time since I was old enough to vote I will stay away from the voting booth. This farce served up by a lame-duck president and a Progressive Party pressure group called InDefence has nothing to do with democracy and I want nothing to do with it.
Three likely scenarios a) The government keeps going and attempts to find a solution with the UK and Holland on the grounds that "people are against paying these debts". Why would the UK and Holland see that as an argument? Those countries can wait. The IMF loans could wait as well. The government is backed into a corner and has little options but to resign. b) The government keeps going and attempts to find a solution with the UK and Holland on which the opposition can agree to. Which is unlikely, because the opposition can wait until things are so tight that it can assume power on a wave of discontent. c) The government resigns. The current opposition resumes negotiations and quickly finds an "acceptable deal" with minor adjustments which they will take credit for. The new opposition kicks up a storm. Then what? A new national referendum on that deal? It is really a whole big mess. ...
a) The government keeps going and attempts to find a solution with the UK and Holland on the grounds that "people are against paying these debts". Why would the UK and Holland see that as an argument? Those countries can wait. The IMF loans could wait as well. The government is backed into a corner and has little options but to resign.
b) The government keeps going and attempts to find a solution with the UK and Holland on which the opposition can agree to. Which is unlikely, because the opposition can wait until things are so tight that it can assume power on a wave of discontent.
c) The government resigns. The current opposition resumes negotiations and quickly finds an "acceptable deal" with minor adjustments which they will take credit for. The new opposition kicks up a storm. Then what? A new national referendum on that deal?
It is really a whole big mess. ...
Of course the conduct of Landsbanki in creating and managing Icesave was unconscionable, and the Icelandic government's blanket guarantee of all of the icelandic banks' foreign liabilities foolhardy, but the UK and the Netherlands are making a lot of fuss over peanuts. En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma
(yes, you can actually troll-rate this comment) En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma
