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Old 10-04-2011, 21:38   #9
martyh
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Re: UK and Netherlands to sue Iceland over lost deposits

Quote:
Originally Posted by Osem View Post
The amount in question wasn't a loan was it? In any event it represents an awful lot of money for a country of only 300,000 people - IIRC about half their entire GDP. The strong desire of some powerful politicians there to join the EU might also account for the Icelandic people being given a 'second opportunity' to say yes.....
actually i don't think it was a loan as such , according to Maggies link it is for monies lost when the banks collapsed ,i know a fair number of UK local authorities lost money they had invested in the Icelandic banks that went under

---------- Post added at 22:38 ---------- Previous post was at 22:36 ----------

Quote:
Originally Posted by Osem View Post
Well it'll put a dampener on their EU membership plans as the UK and Netherlands will veto it.

Iceland's president forced the referendum.

http://uk.finance.yahoo.com/news/Ice....html?x=0&.v=1

will we veto it ?or could we use their membership as a way of getting our money back
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