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Iceland says it was "bullied" over bank debt
http://www.reuters.com/article/2011/09/04/us-iceland-idUSTRE78324Z20110904 ^ | Sun, Sep 4 2011

Posted on 09/06/2011 8:06:25 AM PDT by Esther Ruth

Iceland says it was "bullied" over bank debt Sun, Sep 4 2011 REYKJAVIK (Reuters) - Iceland's president accused European countries on Sunday of having bullied it into agreeing to guarantee repayment of the debts of a failed bank, reviving a dispute with Britain and the Netherlands whose citizens are owed billions.

(Excerpt) Read more at reuters.com ...


TOPICS: News/Current Events
KEYWORDS: iceland; imf; nwo; sourcetitlenoturl

1 posted on 09/06/2011 8:06:31 AM PDT by Esther Ruth
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Comment #2 Removed by Moderator

To: Esther Ruth

excerpt at end-

Since the 2008 global financial crisis, Iceland had to accept a bailout led by the IMF, accompanied by a programme of economic reforms which have just been completed.


3 posted on 09/06/2011 8:08:54 AM PDT by Esther Ruth
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To: Esther Ruth
"The EU should investigate and face up to how in the world it was possible that EU member states agreed to support this absurd claim against Iceland," he said.

The British and Dutch, with the support of other EU nations, had also persuaded the International Monetary Fund to pressure Iceland, Grimsson said, adding that former IMF managing director Dominique Strauss-Kahn told him in January 2010 he was unhappy that the Fund was being used as a "fist" against Iceland.

Since the 2008 global financial crisis, Iceland had to accept a bailout led by the IMF, accompanied by a programme of economic reforms which have just been completed.

Somebody should ping Christine Lagarde and Angela Merkle.
4 posted on 09/06/2011 8:12:10 AM PDT by the invisib1e hand (non-union thug.)
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To: Esther Ruth
former IMF managing director Dominique Strauss-Kahn told him in January 2010 he was unhappy that the Fund was being used as a "fist" against Iceland.

It stands to reason that if the IMF is to be a "fist" against nations when loan guarantees are needed, then DSK would have to be replaced.

5 posted on 09/06/2011 8:21:36 AM PDT by the invisib1e hand (non-union thug.)
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