At the time of the bank’s failure, Iceland refused to cover the losses. But the UK and Netherlands nonetheless have demanded that Iceland repay them for the “loan” as a condition for admission into the European Union.
In response, the Icelandic people have told Europe to go pound sand. The final vote was 103,207 to 69,462, or 58.9 percent to 39.7 percent. “Taxpayers should not be responsible for paying the debts of a private institution,” said Sigriur Andersen, a spokeswoman for the Advice group that opposed the bailout.
A similar referendum in 2009 on the issue, although with harsher terms, found 93.2 percent of the Icelandic electorate rejecting a proposal to guarantee the deposits of foreign investors who had funds in the Icelandic bank. The referendum was invoked when President Olafur Ragnur Grimmson vetoed legislation the Althingi, Iceland’s parliament, had passed to pay back the British and Dutch.
Under the terms of the agreement, Iceland would have had to pay £2.35 billion to the UK, and €1.32 billion to the Netherlands by 2046 at a 3 percent interest rate. Its rejection for the second time by Iceland is a testament to its people, who feel they should bear no responsibility for the losses of foreigners endured in the financial crisis.
More BS at NetRightDaily.com: http://netrightdaily.com/2011/04/iceland-declares-independence-from-international-banks/#ixzz1KpC77Aqo
-----------------------------------------
As Barfsters know, part of the whole gig around here is the Paranormal - and here is a GREAT esoteric look by Erich Kuersten at some first person high strangeness --- an intense look at the phenomenology details of percerption - you will dig it - http://thecinfluenceblog.blogspot.com/2011/03/dentist-chair-don-juans-response-to.html - Stewable. TCI Writer.
------------------------------------------
Four GREAT UFO Kindle Books - often some are FREE - UFO Kindle Books. Don't miss this.
========================
Today's Sexy Picture - Sexy Teen - http://suranjan.mobie.in/images/Teen-Its-Me-Verry-Sexy-Girl-Msn-or-Camnet-club.tk_2.jpg
------------------------------------------
Meanwhile - In Sweeden:
------------------------------------
Shocking: - TSA security looks at people who complain about ... TSA security - CNN.com - http://octopusconfessional.blogspot.com/2011/04/tsa-security-looks-at-people-who.html - TCI writer.
----------------------------------------
The Top 50 Economic Blogs - http://www.econolog.net/stats.php?area=blogs BS Delivers.
----------------------------------------
College Students - DON'T MISS THIS CHANCE - Sell Books Online at Cash4Books.net - A GREAT company to deal with too.
-----------------------------------------------------
BS Edge Stuff
Winning at New Products: Accelerating the Process from Idea to Launch, Third Edition
New Wave Enviro Premium Shower Filter Replacement Cartridge
The Reptilians Are Taking Over! - 
