Iceland - Can't Pay; Won't Pay - so why not a National Equity? | 74 comments (74 topical, editorial, 0 hidden)

Re: In this case (none / 0)

As I stated upthread, I think the regulation with regard to deposit insurance is arranged well enough (especially if the amount is raised to € 50,000). The issue is general regulation of banks.

by nanne (zwaerdenmaecker@gmail.com) on Tue Aug 18th, 2009 at 09:45:36 AM EST
[ Parent ]

Re: In this case (none / 0)

But the raise to €50,000 took place after the collapse of the Icelandic banks. What we're discussing is who is liable for how much in the Icesave case.

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

by Carrie (migeru at eurotrib dot com) on Tue Aug 18th, 2009 at 09:54:28 AM EST
[ Parent ]

Re: In this case (4.00 / 2)

Yes, I don't disagree with you, I was talking more generally.

In the Icesave case the government of Iceland is liable for the € 20,887 for private deposits that it has settled for with the British and Dutch.

It could legally have been liable for more (the equal amount that it guaranteed for its own citizens and organisations), but since there is a settlement, that is no longer relevant.

by nanne (zwaerdenmaecker@gmail.com) on Tue Aug 18th, 2009 at 10:44:45 AM EST
[ Parent ]

Iceland - Can't Pay; Won't Pay - so why not a National Equity? | 74 comments (74 topical, 0 editorial, 0 hidden)

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